Why SoFi Stock Skyrocketed 55% in 2024
SoFi Technologies(SOFI) The Motley Fool·2025-01-10 01:34
Shares of online bank SoFi Technologies (SOFI -2.41%) soared 55% in 2024, according to data provided by S&P Global Market Intelligence. The company reported positive net income every quarter, grew its platform in multiple ways, and successfully managed through high interest rates.Leading the way to digital bankingSoFi is an all-digital bank that's adding members and revenue at a fast rate. Its stock exploded when it first went public a few years ago as part of the craze for special purpose acquisition compa ...