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Earnings Results: SoFi sees lending volumes surge, but stock gives back its big gains

Earnings Results

Student-lending originations doubled in the third quarter

SoFi upped its outlook for the full year.


SoFi Technologies Inc. saw its student-lending business reignite in the latest quarter, but shares of the financial-technology company gave back their early gains — despite an upbeat outlook as well.

SoFi SOFI saw student-loan originations climb to $919.3 million in the third quarter, up 101% from a year prior, as borrowers planned for the resumption of student-loan payments after a pandemic-driven moratorium. Origination volume was the largest since the first quarter of 2022.


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