SoFi Technologies is poised for strong gains ahead of the $2 billion deal

Sofi Stock—SoFi Technologies (SOFI) is preparing to report its third quarter results on October 29th. Wall Street expects GAAP earnings per share (EPS) of $0.04 and revenue of $632 million. If these predictions come true, it would be SoFi's fourth consecutive profitable quarter, with impressive 19% year-over-year revenue growth.

The fintech company recently made headlines with its strategic $2 billion deal with Fortress Capital aimed at expanding its personal lending business. This move underscores SoFi's commitment to growth and innovation in the competitive financial services landscape.

Year-to-date, SoFi's stock is up 5.6%, with a notable year-over-year increase of 42.6%, underscoring investors' confidence in the company's potential. As anticipation builds for the upcoming earnings report, analysts are bullish on SoFi's performance, making it a stock to watch in the fintech sector.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research or consult a financial advisor before making any investment decisions. Past performance is no indication of future results.