1 Number That Should Change the Way You Think About SoFi Stock

SoFi (NASDAQ: SOFI) reported its first-quarter results, and to put it gently, the market wasn't thrilled. Shares fell by more than 10% the day after the earnings release, mainly because forward guidance fell short of expectations.For the most part, SoFi's numbers looked incredibly strong. Revenue soared 41% year over year in the quarter to an all-time high, loan originations were the highest SoFi has ever reported, and profitability remains strong. SoFi added 1.1 million new members, the most it has ever added in a single quarter, and it completed the highly anticipated launches of business banking and its SoFi Plus premium subscription product.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool