Financial results
SoFi’s 47% brokerage growth was $18m—1.3% of group revenue
The investment product was expanding quickly from a small earnings base inside a deposit- and lending-led platform.
financial services
The companies, products and regulatory developments shaping the broker industry.
2 resultsReset view
Financial results
FIS capital-markets revenue rises just 3% despite 27% group growth after acquisition
The earnings release reveals a sharp split between headline company growth and the slower underlying capital-markets technology segment; acquisition effects make the headline rate unsuitable as organic growth.