SoFi’s S&P 500 Eligibility Puts Valuation And Momentum In Focus

SoFi Technologies (NasdaqGS: SOFI) is being evaluated for potential inclusion in the S&P 500 index. The company recently reached S&P 500 eligibility after recording its tenth consecutive quarter of GAAP profitability and meeting a market capitalization milestone. Any index decision would affect how SoFi is treated by index funds and other institutional investors that track the S&P 500. SoFi operates as a digital financial services platform, offering products that span lending, deposits,...