Why SoFi Stock Dropped 13% in January
Shares of SoFi Technologies (NASDAQ: SOFI) stock fell 13% in January, according to data provided by S&P Global Market Intelligence. There were a few moving pieces, including news about the Federal Reserve that affected financial stocks in general, and concerns leading up to the company's earnings report on Jan. 30 about whether or not it could sustain its high valuation. The stock fell after the report as well.
Image source: Getty Images.
SoFi is an all-digital bank that's on its way to becoming a top-10 U.S. financial institution, at least according to CEO Anthony Noto. It's capturing market share, including adding a record 1 million new accounts in the 2025 fourth quarter, and increasing revenue at a fast pace on its march toward the top.
Source Fool.com
