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Here's Why SoFi Stock Jumped 12% Last Month

TheMotleyFool

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Here's Why SoFi Stock Jumped 12% Last Month: https://g.foolcdn.com/editorial/images/841486/sofi-nasdaq-listing-image-of-day-that-sofi-was-listed.jpg

Shares of the fintech company SoFi Technologies (NASDAQ: SOFI) rose in October after the company reported strong third-quarter results that beat Wall Street's consensus estimates. The record quarter also spurred SoFi's management to raise its annual profit forecast.

Investors have been bullish on SoFi as the company has transformed itself from a student loan refinancing company into a one-stop shop for all things finance. They weren't disappointed by the company's quarterly results and pushed SoFi stock up 12.3% last month.

Image source: SoFi Technologies.

Source Fool.com

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