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. In response, SOFI is up 10% to trade at $9.99, at last glance. Thanks today's bull gap, SoFi Technologies stock is now fighting resistance at the $10 level, while also managing a climb into the black for 2024. The shares have added 22% over the past 12 months and added 65% since its August bottom. So far ...

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- SoFi, a leading provider of thematic and income ETFs, today announced monthly distributions on the SoFi Enhanced Yield ETF (THTA). Distribution as of 10/14/2024 ETF Ticker Distribution per Share Distribution Rate * 30-Day SEC Yield** Ex-Date Record Date Payment Date THTA $0.1904 12.00% 4.04% 10/15/2024 10/15/2024 10/16/2024 Inception date: 11/15/2023 Click here to view standardized performance for THTA. THTA, launched in partnership with Tidal Investments LLC and ...

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. The agreement expands the capabilities of SoFi's loan platform business, where the company refers prequalified borrowers to loan origination partners, while also originating loans on behalf of third parties. "SoFi's loan platform business is an important part of ...

A $2 billion financing deal has investors excited. Shares of SoFi Technologies (SOFI 10.65%) jumped as much as 10.5% in early trading Monday after the company announced a $2 billion personal-loan financing deal. The stock pulled back slightly but was still up 9.3% as of 12:30 p.m. ET today. The $2 billion boost for SoFi stock Fortress Investment Group agreed to provide $2 billion in financing for the platform for personal loans. SoFi CEO Anthony Noto said this would help his company "serve the financial nee ...

Key Takeaways SoFi Technologies announced a $2 billion deal with Fortress Capital to grow its personal loans business. SoFi CEO Anthony Noto said the business can help SoFI "diversify toward less capital-intensive and more fee-based sources of revenue." Shares of SoFi were up over 8% in early trading Monday following the news. 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 busine ...

If SoFi gets these businesses working, the stock could fly. SoFi Technologies (SOFI 4.40%) is one of the fastest-growing financial companies on the market, and that's despite a slowdown in lending. But that could pick up, and Travis Hoium highlights what he's looking for from SoFi's growth in 2024 in this video. *Stock prices used were end-of-day prices of Oct. 7, 2024. The video was published on Oct. 8, 2024. ...

Trends are moving in its favor. Growth stocks are usually the high-octane fuel for an investment portfolio. A strong portfolio has a mix of stocks, but the makeup of the stocks will be different for any portfolio and directed by the investor's risk profile. Some investors, especially older ones and people who already have a large portfolio, will lean toward secure stocks and passive income. Investors who are just starting out or want to supercharge their holdings might focus on growth stocks. If that fits y ...

In the latest trading session, SoFi Technologies, Inc. (SOFI) closed at $8.63, marking a +0.47% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.21% for the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.05%. Shares of the company witnessed a gain of 17.51% over the previous month, beating the performance of the Finance sector with its loss of 4.48% and the S&P 500's gain of 5.94%. The upcoming earnings release of SoFi Technologies, Inc. w ...

SoFi's (NASDAQ: SOFI ) bullish outlook is anchored in its growing member base and strong ability to crosssell financial products. The company has steadily attracted new members and deepened relationships by offering various services, from banking to investing. Yiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accounta ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highestquality analysis of this type of information. I initiated coverage of SoFi Technologies (NASDAQ: SOFI ) stock at the end of February 2024 with a "Buy" rating. My second article was written at the end of April 2024 - I He leads the investing group Beyond the Wall Investing with features that incl ...