{
  "id": 16836267,
  "title": "Why SoFi Stock Popped Today",
  "url": "https://urgent.news/2026/10/28/why-sofi-stock-popped-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T02:10:13.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/27/why-sofi-stock-popped-today/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "SoFi Technologies (SOFI) experienced a significant stock rally on Tuesday, surging more than 13% after reporting a strong growth forecast for the future. The digital financial services provider revealed that its adjusted net revenue increased by a remarkable 44% to $1.4 billion in the third quarter. This growth has been fueled by SoFi's ambitious strategy of developing an all-encompassing app that caters to various financial needs, including savings, investments, and loans.\n\nThe fintech company's membership jumped by 35% to 17.1 million, while its financial product offerings expanded by 44% to 26.7 million. In a statement, SoFi's CEO Anthony Noto emphasized the company's commitment to adding more members, who are utilizing a wider range of products, and generating more revenue per product. This approach aims to maximize value for shareholders in the long term.\n\nSoFi's adjusted net income skyrocketed by 74% to $243 million, while adjusted earnings per share rose 64% to $0.18. Looking ahead, the company anticipates full-year adjusted net revenue to grow by 40% to $5.04 billion in 2026, accompanied by net income of $840 million and earnings per share of $0.61. Management further projects adjusted net revenue and EPS to reach $6.4 billion and $0.90, respectively, in 2027. CEO Noto expressed confidence in SoFi's long-term expansion prospects, stating that his conviction in the opportunity ahead has never been stronger.",
  "summary": "2027 is set to be another year of rapid expansion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Why SoFi Stock Popped Today",
        "url": "https://urgent.news/2026/10/28/why-sofi-stock-popped-today-16837508",
        "published": "2026-10-28T02:30:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}