SoFi Stock Surges After Strong Q2 Earnings Beat
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BTCCSquare news:
SoFi Technologies (SOFI) shares have more than doubled since April's lows following a better-than-expected Q2 earnings report. The digital bank posted $0.08 adjusted EPS, surpassing Wall Street estimates by 33%. Customer growth remains robust—reaching 11.7 million members by June—despite increasing competition in the neobank space.
The company's accelerating profitability contrasts with slower growth at larger digital peers. While no direct cryptocurrency exposure was mentioned in the report, the performance of fintech disruptors like SoFi often serves as a bellwether for broader digital asset adoption trends.
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