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1 Huge Reason SoFi Beat Estimates

The financial services business is growing at an 80% clip.

By Travis Hoium – Jul 31, 2024 at 5:04AM EST

SoFi (SOFI +1.14%) reported another strong quarter in Q2 2024, and this time, it was financial services that drove the company forward. In this video, Travis Hoium goes through the numbers and shows why this is just the beginning of the company's growth.

*Stock prices used were end-of-day prices of July 30, 2024. The video was published on July 30, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Robinhood Markets and SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

SoFi Technologies Stock Quote
SoFi Technologies
NASDAQ: SOFI
$16.90
(+1.17%)+$0.20

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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