The announcement could lower the riskiness of SoFi stock as an investment.
SoFi Technologies (SOFI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
SoFi could grow even faster if it begins offloading loan debt to other investors.
SoFi Technologies Inc. (NASDAQ: SOFI) continues to build strong momentum, with its stock rising by 11.4% to reach $10.04—its highest price since the start of the year.
A new partnership helps validate SoFi's underwriting model at a time some when investors are concerned about the lending business.
As a SoFi shareholder, I am sorry the company's stock price trades 56% below its June 2021 peak of $22.65 — the day the company merged with a special purpose acquisition company.
Consumer lending name SoFi Technologies Inc (NASDAQ:SOFI) is charging higher this afternoon, following an announcement that the company has struck a $2 billion expansion deal with Fortress Investment Group.
Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. The new “loan platform business agreement,” announced Monday (Oct. 14), is based on funds that will be managed by affiliates of Fortress Investment Group.
A $2 billion financing deal has investors excited.
SoFi Technologies Inc. (NASDAQ: SOFI) shares surged 10% after the company announced a $2 billion deal with Fortress Investment Group LLC for personal loans.
Shares of SoFi Technologies (SOFI) rose Monday morning after the digital financial services company announced a $2 billion deal with Fortress Capital to grow its personal loans business.
SoFi Technologies Inc SOFI is lighting up the trading floor, with a striking 9% leap to $9.80 by 11 AM ET on Oct. 14.