News & Trending Investing News

SOFI Edges Higher With Earnings Weeks Away - What Investors Should Know Before Oct. 27

SOFI is higher in Monday afternoon trading as the market looks toward its Oct. 27 earnings report and recent stablecoin payment moves.

By Damilola Esebame, CFEI® , Edited by Laura Hohenstein

Updated Oct. 5, 2026

Add Us On Google

SoFi Technologies (NASDAQ: SOFI) traded near $16.02 in Monday afternoon trading, up $0.25, or 1.59%, from its previous close of $15.77. The fintech company, whose platform helps users track their financial fitness, is in focus ahead of its Oct. 27 earnings checkpoint and as the market weighs recent stablecoin payment moves tied to Mastercard and Payward.

Set up eligible direct deposit - pocket up to $400

Set up an eligible direct deposit with SoFi Checking and Savings and you could earn a bonus of $50 or $400.¹ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 0.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 9/23/26. Fees may reduce earnings. Additional information can be found at <a href="https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SoFi-Bank-Rate-Sheet-September-23-2026.pdf">http://www.sofi.com/legal/banking-rate-sheet</a>. Make the switch, set up eligible direct deposit, earn the bonus. It basically takes no extra work at all other than following these steps.

Why people are switching: This account earns up to an insane 4.20% APY² Earn up to 4.20% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.30% APY as of 9/23/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#4">sofi.com/banking#4</a>. SoFi Bank, N.A. Member FDIC. on savings for up to six months (3.30% APY standard + 0.90% APY boost) on top of that $50 or $400 bonus.¹ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 0.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 9/23/26. Fees may reduce earnings. Additional information can be found at <a href="https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SoFi-Bank-Rate-Sheet-September-23-2026.pdf">http://www.sofi.com/legal/banking-rate-sheet</a>. That's way better than the measly 0.38% APY (as of 06/15/26)³ Based on <a href="https://www.fdic.gov/national-rates-and-rate-caps">this</a> FDIC data, as of 6/15/26. national average savings accounts offer.

No monthly fees and no surprises. Open your account and earn up to a $400 bonus

Shares move higher

SOFI opened at $15.80 and has traded between $15.74 and $16.20 during the session. The move took the stock above its $15.77 previous close, with traders watching whether the afternoon gain can hold into the close.

The stock's intraday move kept attention on the near-term setup rather than a broader reset in the shares. The day's trading also came with a defined company update approaching later in October.

Shopping for cheaper auto insurance? Enter your zip code here to get started.

Earnings date is set

SoFi plans to release third-quarter 2026 results on its investor relations website at about 7 a.m. ET on Tuesday, Oct. 27. The company plans to host a conference call at 8 a.m. ET that morning to discuss financial and operating results.

That date gives the market a defined checkpoint after a busy stretch for the online bank and financial technology company. The report will put member growth, lending trends, fee income and expense discipline back in focus.

Consensus EPS is in focus

Published Zacks data put the current-quarter consensus earnings estimate for SoFi at $0.17 per share, implying a year-over-year increase from the comparable period. The estimate gives the Oct. 27 report a profitability marker for traders tracking the company's growth path.

The same data cited consensus earnings of $0.60 per share for the current fiscal year and $0.81 per share for the next fiscal year. Those figures keep profitability, credit trends and operating costs near the center of the coming report.

Stablecoin rollout advances

SoFi and Mastercard's stablecoin push has also been part of the recent market discussion. Benzinga reported that SoFi became the first OCC-regulated national bank to go live with stablecoin settlement across Mastercard's global payments network, shifting an annualized $25 billion card program onto stablecoin rails using SoFiUSD.

A stablecoin is a digital token designed to track the value of a traditional currency such as the U.S. dollar. The companies plan to pursue additional SoFiUSD applications across Mastercard's ecosystem, including cross-border payments and remittances, according to the report.

Payward partnership adds context

On Sept. 3, SoFi announced a strategic partnership with Payward Inc., the parent company of cryptocurrency exchange Kraken, to connect banking and digital asset markets. The Mastercard integration followed that earlier digital-asset milestone.

Under the Payward agreement, Payward joined the SoFi Exchange Network to list SoFiUSD on its multi-asset trading platform. SoFi also tapped Kraken Prime to serve as its primary engine for institutional digital asset trade execution, giving the stablecoin effort a broader market-structure angle.

Bottom line

SOFI is higher in Monday afternoon trading, and the stock's near-term story now centers on execution. SoFi's app continues to rank among must-have investing apps for retail traders, and the Oct. 27 earnings report will give Wall Street updated numbers on the company's core business, while the Mastercard and Payward stablecoin initiatives give the market a newer payments story to measure against those results.

This article is for informational purposes only and should not be considered investment advice.

More from FinanceBuzz:

Help Protect Your Savings From Stock Market Volatility With Gold

American Hartford Gold Benefits

American Hartford Gold helps individuals protect their retirement by rolling over IRAs and 401(k)s into physical gold.
Includes FREE IRA rollover and storage for up to 3 years.
Get up to $20,000 in free silver on qualifying purchases.

Download your guide for free