SoFi Technologies shares gain as strong demand for loans boost earnings

ReutersApr 29, 2025 2:22 PM

NEW YORK, April 29 (Reuters) - SoFi Technologies SOFI.O shares gained on Tuesday after the financial technology firm reported better-than-expected quarterly results buoyed by strong demand for its loan products as well as retail trading business.

SoFi's net revenue rose 33% to $771 million in the quarter ended in March, while adjusted earnings per share tripled to 6 cents from 2 cents a year earlier.

Wall Street analysts had expected revenue of about $739 million and adjusted earnings per share of 4 cents.

SoFi's shares rose to as high as $14.50 following the results, up nearly 10%. It was last up 6% to $13.94.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

'Big Short' Burry Doubles Down: Nvidia, Palantir Short Positions Double in Big Bet on AI Bubble Bursting

TradingKey — As the Nasdaq continues to hit consecutive record highs, Michael Burry—who rose to fame during the 2008 subprime mortgage crisis and was the inspiration for the film *The Big Short*—is betting with unprecedented intensity on the bursting of the AI bubble.

Why SanDisk Stock Could Soar to $4,000?

If SanDisk continues along its path and actually achieves the consensus estimate of $168 in earnings per share in one year, a P/E multiple of 22 — which is a rather conservative estimate of the S&P 500 average — would imply a stock price of close to $4,000.

Global First Storage ETF Surges 88% Five Weeks After Listing. Is It Too Late to Buy Now?

TradingKey - Since its listing on April 2, the Roundhill Memory ETF (DRAM) has surged 88% in just 25 trading days, with assets under management (AUM) surpassing $5 billion. This pace of growth is second only to the 24-day record set by the iShares Bitcoin Trust (IBIT).

AI Chip Sector Adds Heavyweight Player, Nvidia Rival Cerebras Plans to List Next Week, Targeting Largest US IPO of the Year

TradingKey - AI chipmaker Cerebras is reportedly planning to list on Nasdaq on May 14 under the ticker symbol “CBRS.” The IPO is expected to be the largest in the U.S. this year, placing Nvidia’s (NVDA) strongest challenger in the AI computing space officially under the capital market spotlight.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools