SoFi Q2 revenue beats consensus as loan originations climb; boosts guidance (NASDAQ:SOFI)

SoFi Technologies (NASDAQ:SOFI) turned in Q2 revenue that exceeded Wall Street expectations as personal loan originations climbed and the company attracted new members with good credit scores, boosting deposit levels at lower cost of funding, it said on Monday.

The company known for refinancing student loans now expects 2023 adjusted net revenue of $1.974B-$2.034B vs. the $1.99B consensus and up from its prior range of $1.955B-$2.02B.