SoFi's stock drops on concerns over loan sales and earnings.
TL;DR Summary
SoFi's stock continues to decline as investors analyze the company's mixed earnings report. While the neobanking and lending company beat expectations with its headline results, concerns have been raised over a lull in loan sales. Wedbush downgraded the stock in response to the report.
- SoFi's stock selloff builds as lull in loan sales sparks concerns MarketWatch
- Why Shares of SoFi Fell Today The Motley Fool
- SoFi CEO Anthony Noto on company earnings, lending trends and rising deposits CNBC Television
- SoFi stock rises on Q1 earnings beat Yahoo Finance
- Why Is SoFi Stock Down After Earnings? Is SoFi Stock a Buy Now? The Motley Fool
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