Stock Market Today, Oct. 27: SoFi Soars 13% After Beating Estimates and Raising Guidance

SoFi Technologies (NASDAQ:SOFI), a digital financial services platform spanning lending, banking, investing, and technology, closed at $16.40, up 13.42%. SoFi climbed after beating Q3 revenue and earnings estimates and raising full-year guidance. Investors were watching the earnings call for credit trends, loan demand, deposits, and 2027 guidance. Trading volume reached 158.8M shares, coming in about 209% above its three-month average of 51.4M shares. SoFi Technologies IPO'd in 2021 and has grown 34% since going public. The S&P 500 (SNPINDEX:^GSPC) rose 0.60% to 7,723, and the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 1.18% to 26,478. In consumer finance and digital banking/fintech, Upstart Holdings (NASDAQ:UPST) closed at $23.71, up 3.09%. By most measures, it looked like an excellent Q3 earnings call for SoFi Technologies, as:

CryptoAlerta — análise de criptomoedas e mercado em tempo real