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Amit Singh

SoFi Stock Soars 226%. Will Q3 Earnings Power It Even Higher?

Shares of financial technology company SoFi (SOFI) have rallied significantly, rising over 226% in a year. This growth reflects the company’s strong execution across multiple fronts, from consistent growth in its member and product base to a strategic shift toward more capital-light revenue streams. Further, by focusing on lowering funding costs and solid risk management, SoFi has managed to strengthen its earnings.

While SoFi stock has appreciated significantly in value, its Q3 financials could determine whether the impressive rally has more room to run or if SoFi’s momentum will slow. Notably, the financial services company plans to announce its third-quarter earnings on Tuesday, Oct. 28.

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