SoFi raises guidance, posts Q3 beat. So why is it's stock falling?
In this article:
Despite topping third quarter earnings estimates and raising its guidance, SoFi Technologies (SOFI) share are falling by over 9% at the time of this video's posting Tuesday morning. SoFi CEO Anthony Noto called it the fintech company's "strongest quarter in our history."
Catalysts anchors Seana Smith and Josh Schafer dive into SoFi's earnings figures and what the current interest rate environment and Federal Reserve's rate-cutting cycle means for its loans business.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Luke Carberry Mogan.