$SoFi Technologies Inc.(SOFI)$SoFi Technologies (NASDAQ:SOFI) surged 28% on Wednesday after the fintech delivered better-than-expected Q2 revenue and adjusted EBITDA and lifted its full-year guidance against a backdrop where investors were willing to take on some risk.
Nasdaq, a broader market gauge, climbed 2.6%.
During the company's earnings call, management pointed to robust deposit growth and noted that its student loan segment could perform even better than guidance if the federal moratorium on government student loan repayments is lifted before the end of the year.ear.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Good
Ok