SoFi Technologies has met the profitability requirement for potential inclusion in the S&P 500 index, with positive net income for ten consecutive quarters and $0.44 per share over the trailing twelve months. The digital bank's market capitalization currently stands at $22.2 billion, slightly below the $22.7 billion threshold, though it has previously reached as high as $38 billion. S&P Dow Jones Indices typically makes quarterly changes to the index, with the next opportunity for new entries in September. Inclusion would require index-tracking funds, including the $1.7 trillion Vanguard S&P 500 ETF, to purchase the stock, potentially providing a short-term boost and signaling long-term confidence.
SoFi Technologies Inc.Met profitability requirement for S&P 500 inclusion, which would trigger index fund buying and signal confidence
Honeywell International Inc
