From Nasdaq:

SoFi Technologies (NASDAQ: SOFI) saw its shares soar after a strong fourth-quarter earnings report, surpassing expectations and surprising analysts with a GAAP net income of $48 million. Looking ahead, the company anticipates a less-than-optimistic economic outlook for 2024, with limited bottom-line growth in the near term. However, SoFi’s rapidly growing customer base and expanding financial services and technology segments point to accelerating earnings growth after 2024. With its confidence in sustained growth and tangible book value expansion, SoFi presents an opportunity for young investors with a tolerance for risk, positioning itself to become a major player in the financial industry in the coming years.



Read more: SoFi Technologies Delivered a Profit as Promised. Is It Time to Buy?