SoFi Technologies (SOFI) has evolved into a full-fledged digital financial platform, offering everything from banking to investing. This past week, the company grabbed headlines with blowout second-quarter earnings, raised full-year guidance, and clear signs that it is chipping away at legacy banks’ market share.
The post-earnings surge was followed by a dip on news of a $1.5 billion public share offering. However, SOFI stock has regained its footing, still above the $21 level seen before the July 29 earnings release.
