The Federal Reserve has finally moved to cut interest rates by half a percentage point, a decision aimed at stimulating the economy. This policy shift could be a game-changer for many stocks, especially those that have struggled under high interest rates. One such stock is SoFi (SOFI), a financial technology (fintech) company currently trading below $10, despite its solid financial and operating performance.
SoFi has consistently posted impressive quarterly results, showing significant growth across its member base and product offerings. In its second-quarter earnings report, the company posted record revenue of nearly $600 million, marking a 22% year-over-year increase.
