Schwab Network on $SOFI (Oct 27, 2026)

All right, let's cross over to SoFi. This is another one that is off to the races this morning. That stock rallying nearly 10% and this one is a big win that SoFi needed. [music] SoFi lifting their outlook off the back of their latest quarterly results and they beat expectations uh on earnings per share coming in at 18 cents on an adjusted base.

The street was looking for 17 cents. So that's a penny beat there.

Uh it's a peak no less. Uh revenue coming in ahead of expectations at 1.37 billion. The street was looking for a touch more than one and a quarter billion. So revenue rising 43% net income jumping more than 70%.

They've raised their fullear outlook. They've raised their fullear adjusted revenue forecast to 5 billion. That's up from a prior range of between 4.75 to 4.85. They've also raised their annual earnings forecast by a penny to 61 cents per share.

The CEO says the results come even despite a tougher uh interest rate backward drop. We know that that's been happening. Uh so I had anticipated that the start of this year.

Their lending engine is just off to the races here. Lending revenue climbing to 87 million here. That's well above what analysts anticipated. They were anticipating 711 million.

Total loan origination surging from 71% here. Personal loan originations rose 69%. Student loan originations nearly doubled here. So, they're off to the races on lending. Lending making up 59% of adjusted net revenue, which is up from the same time a year ago.

It's a win that SoFi needed when you keep in mind coming into today that stock was down more than 40% year-to date and year-over-year was down more than 50%.