Shares of SoFi Technologies (NASDAQ: SOFI), a financial technology company, were climbing higher today after the latest financial results from several banks were better than analysts had expected.
As a result, the S&P 500 rose 1.2%, the Nasdaq Composite ticked 1.2% higher, and SoFi rose 3.5% as of 11:16 a.m. ET.
Investors have been generally optimistic about the stock market over the past two days as investors processed the latest financial results from Bank of America and Bank of New York Mellon yesterday, with both companies outpacing analysts' consensus estimates.
Source Fool.com