SoFi Stock Jumps But Rate Threat Lingers
SoFi Technologies shares rose 2.4% to $15.59 in midday Nasdaq trading Wednesday, with volume topping 22 million after CEO Anthony Noto spoke at J.P. Morgan’s tech conference. The stock rebounded despite concerns over higher Treasury yields and an unchanged 2026 profit outlook, which previously pressured shares. SoFi’s market value reached about $21.5 billion.