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Fintech
SoFi Raises 2025 Profit Forecast After Record Third-Quarter Performance
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Heartspace News Desk
•Source: Reuters
TL;DR
Reuters reported that SoFi Technologies increased its 2025 profit forecast after a record third quarter, causing a 3.3% share price increase. SoFi projects approximately $0.37 earnings per share for 2025, exceeding the previous estimate of $0.31 and analyst expectations, and their financial services revenue surged 76% to $419.6 million with total loan originations reaching $9.9 billion.
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Key takeaways
- SoFi Technologies has increased its 2025 profit forecast following a record third quarter, driving a 3
- 3% increase in the company's share price, according to Reuters
- SoFi now projects full-year 2025 adjusted earnings per share of approximately $0
SoFi Technologies has increased its 2025 profit forecast following a record third quarter, driving a 3.3% increase in the company's share price, according to Reuters. SoFi now projects full-year 2025 adjusted earnings per share of approximately $0.37, up from the previous estimate of $0.31 and exceeding analyst expectations of $0.32 per share.
The company's financial services business experienced significant growth, with revenue surging 76% to $419.6 million. Total loan originations reached a record $9.9 billion, a 57% year-over-year increase, fueled by robust demand across personal, student, and home loan products.
Related Topics
SoFiprofit forecastearningsloan originationsfintech
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