SoFi (SOFI) is having a dismal run in 2026, with shares down over 30% for the year. SOFI stock seems to be taking a breather after three years of outperformance relative to the S&P 500 Index ($SPX). Meanwhile, the stock’s price action seems at odds with its recent financial performance, as earnings have been strong with CEO Anthony Noto describing Q2 as “nothing short of an exceptional quarter.” The markets, however, don’t seem to be buying into the management’s optimism as reflected in the stock price.
