SoFi Slides to 47th in Trading Volume as Shares Drop 1.73% on Earnings Jitters and Sector Turbulence

On September 10, 2025, , ranking 47th in market activity for the day. , reflecting mixed investor sentiment ahead of its quarterly earnings report scheduled for the following week.

Recent developments suggest heightened volatility in the fintech sector. SoFi announced a partnership with a major cloud service provider to enhance its digital banking infrastructure, though details remain undisclosed. Analysts noted the move could accelerate platform modernization but emphasized execution risks. Concurrently, regulatory scrutiny over consumer lending practices in the sector intensified, with a federal agency launching a broad inquiry into interest rate disclosures.

To run this back-test accurately we need to nail down a few practical details that weren’t specified explicitly. Proposed default assumptions include a universe of all U.S. common stocks listed for at least 20 trading days, daily rebalancing to the top 500 by volume, equal weighting, and close-to-close returns. Transaction costs and corporate actions are excluded unless specified. If any parameters require adjustment, revisions will be incorporated prior to testing.