We’re now past the onslaught of Q1 earnings season. Earlier this week, SoFi (SOFI) released its Q1 earnings, and the stock got butchered despite beating on both the top line as well as the bottom line. The stock, which was already underperforming the markets by a wide margin in 2024, further extended its losses.
SoFi has recovered somewhat from the lows, and is higher today as well, despite the Fed maintaining its status quo on interest rates, and Chair Jerome Powell virtually ruling out a cut at the next meeting as well.
