SoFi stock surges after earnings beat as personal-lending business keeps roaring

Shares of SoFi Technologies Inc. roared 7% higher in premarket trading Monday after the financial-services company easily topped earnings expectations for its latest quarter while seeing continued strength in personal lending.

SoFi... Shares of SoFi Technologies Inc. roared 7% higher in premarket trading Monday after the financial-services company easily topped earnings expectations for its latest quarter while seeing continued strength in personal lending. SoFi SOFI also posted adjusted earnings before interest, taxes, depreciation and amortization of $76 million, up from $9 million a year before and above the $42 million that analysts tracked by FactSet had been expecting.The company saw more than 433,000 new member additions in the period, bringing its total member count up to almost 5.7 million by the end of the quarter.

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SoFi earnings: What to expect from the personal finance lenderSoFi'ss diversified business has helped the company weather changes in lending trends, and those ebbs and flows will be on display again Monday morning.
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