SOFI Stock: SoFi Just Raised Its Profit Guidance Again. What's Going On?

The stock did not react much, up about 2% as of writing. Why No Reaction? SoFi said it earned 597 million for the quarter ending June 30. CEO Anthony Noto described the quarter as "exceptional," projecting earnings of 4 cents per share in the current quarter. SoFi began as a lender focused on refinancing student loans. This expanded into personal loans and home loans. Now, the company wants its financial services and technology to power growth, and they were u ...