SoFi's Loan Platform Shines In Q2, Driving Profitability And Growth

SoFi Technologies SOFI saw its stock trading lower on Wednesday, despite Wall Street analysts reiterating their ratings after the company reported stronger-than-expected second-quarter financial results on Tuesday.The fintech firm surpassed revenue and earnings estimates, driven by robust growth in its loan platform business and a significant increase in members and products, leading to Needham raising its price target on the stock.SoFi reported second-quarter revenue of $858.23 million, beating analyst est ...