Fintech stocks like SoFi (SOFI) and Upstart (UPST) have delivered stellar returns. Over the past six months, SoFi has seen a surge of over 138%, while Upstart isn’t far behind, with a gain of 131%. This growth trajectory continues into 2025, with Upstart leading the charge, outperforming SoFi with a 39% rise year-to-date.
Notably, both stocks have benefitted significantly from the U.S. Federal Reserve’s consecutive interest rate cuts, which have provided a favorable environment for growth. But it’s not just the macroeconomic environment that has fueled these gains. Both companies’ strong financial performance has played a key role in driving investor confidence.
