What's Going On With SoFi Technologies Stock?
Portfolio Pulse from Erica Kollmann
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher due to the launch of two new credit cards and positive economic data, including a Federal Reserve interest rate cut. The company is set to report its Q3 financial results on Oct. 29, with expected earnings of 4 cents per share and revenue of $629.217 million.
October 11, 2024 | 4:32 pm
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SoFi Technologies shares are up due to the launch of new credit cards and favorable economic conditions, including a Fed rate cut. The stock has gained over 20% in the past month and is set to report Q3 earnings soon.
The launch of new credit cards is likely to attract more customers, boosting revenue. The Fed's rate cut could increase demand for SoFi's financial products. The upcoming earnings report adds to investor interest, contributing to the stock's recent gains.
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