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SoFi Technologies Stock: Real-Time Quotes and Financial Insights

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SoFi Technologies Inc (SOFI) stock price surged 10% in pre-market trading on Monday, hitting an all-time high of $20.12 per share. This follows a strong earnings report released last week, which exceeded market expectations.

The company reported a net income of $400 million during the first quarter, up from a net loss of $16 million in the same period last year. Revenue increased by 57% to $1.4 billion.

SoFi attributed its strong performance to growth in its lending business, which accounted for over 60% of its revenue. The company has been expanding its product offerings, which now include personal loans, mortgages, student loans, and credit cards.

Analysts have praised SoFi's strong execution and its ability to disrupt the traditional financial services industry. The company's shares have gained over 100% in the past year, outperforming the broader market.