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SoFi Shares Jump 13% After Beating Estimates and Raising Guidance

Original: Stock Market Today, Oct. 27: SoFi Soars 13% After Beating Estimates and Raising Guidance

SoFi shares surged 13% on Oct. 27 after the fintech company reported quarterly results that beat analyst estimates and raised its full-year guidance. The strong earnings lifted sentiment across fintech stocks, making SoFi one of the day's notable market movers as investors reassessed growth prospects in digital banking and lending.

Why now: SoFi's better-than-expected earnings and raised outlook triggered a sharp stock rally that day.

SoFi TechnologiesUS stock market

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