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SoFi's Amazing Results Can't Stop Stock Drop

Financial services are becoming a massive business for SoFi, but that's not the only growing segment.

By Travis Hoium – Oct 30, 2024 at 5:34AM EST

Shares of SoFi (SOFI 4.17%) fell 6% on Tuesday after the company reported an outstanding quarter. In this video, Travis Hoium shows how well SoFi is doing and why investors shouldn't be worried about the drop in shares.

*Stock prices used were end-of-day prices of Oct. 29, 2024. The video was published on Oct. 29, 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 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
$15.87
(-4.17%)-$0.69

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

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