SoFi Has Quietly Met the Bar for S&P 500 Inclusion. Here's What Index Entry Could Do for the Stock.

SoFi Technologies was passed over in June's S&P 500 index changes but may qualify by September. With a market cap of $22.2 billion (just below the $22.7 billion threshold) and 10 consecutive quarters of positive net income, the company meets most technical requirements. S&P 500 inclusion would trigger massive purchases from tracking ETFs, potentially boosting the stock short-term and signaling long-term confidence in the company.