Despite a dismal performance in 2022, shares of all-digital bank SoFi Technologies (NASDAQ: SOFI) climbed 50.3% in January. There are lots of reasons for the run-up, not least of which were a better-than-expected performance during the fourth quarter of 2022 and an improved outlook. Will the big gains SoFi made in January fizzle out in February, or is the stock at the beginning of a much longer bull run?
SoFi (NASDAQ: SOFI) recently reported fourth-quarter earnings that were extremely impressive. But there's one number that I'm most excited about, and it isn't any of the headline stats. In this short video, I run down the highlights of the quarter and the most important number for investors to watch.
Sofi (NASDAQ: SOFI) stock jumped double digits following its fourth-quarter earnings announcement. This video will review the critical figures in that report and answer whether Sofi's stock price increase was justified.