Banking disruptor SoFi (SOFI -0.24%) reported its second-quarter results, and to say that the market was happy would be an understatement. In this video, financial sector expert Matt Frankel, CFP, discusses the results and what investors should watch going forward.
*Stock prices used were the midday prices of Aug. 3, 2022. The video was published on Aug. 3, 2022.
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Here's Why SoFi Spiked After Earnings -- And What to Watch Now
By Matt Frankel
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Updated Aug 5, 2022 at 9:48AM
Key Points
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SoFi reported second quarter results that were far better than analysts had been expecting.
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The stock soared by nearly 30% after the results were announced.
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Here's what investors should know, and what to watch going forward.
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NASDAQ: SOFI
SoFi Technologies
Market Cap
$31B
Today's Change
(-0.24%) -$0.07
Current Price
$26.54
Price as of October 17, 2025, 3:58 p.m. ET
SoFi soared after earnings, and for good reason. Here's a breakdown of the numbers.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
Matthew Frankel, CFP® has positions in SoFi Technologies, Inc. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Matthew is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, s/he will earn some extra money that supports his/her channel. His/Her opinions remain his/her own and are unaffected by The Motley Fool.
Stocks Mentioned
SoFi Technologies
SOFI
$26.54
(-0.24%)
$0.07
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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