Most investors would focus on banking stocks or even consumer discretionary stocks when realizing that the Federal Reserve (the Fed) has just started cutting interest rates at the most aggressive pace in 16 years. The reason is that, as financing becomes more flexible and available, consumer trends may strengthen, and they actually have.SoFi Technologies TodaySOFISoFi Technologies$10.18 +0.31 (+3.14%) 52-Week Range$6.01▼$10.49Price Target$9.25Add to WatchlistRecent retail sales reports show recovery for the ...

The latest trading session saw SoFi Technologies, Inc. (SOFI) ending at $9.87, denoting a -1.69% adjustment from its last day's close. This change lagged the S&P 500's 0.02% loss on the day. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.04%. The company's stock has climbed by 23.8% in the past month, exceeding the Finance sector's loss of 3.12% and the S&P 500's gain of 3.77%. The investment community will be closely monitoring the performance of So ...

These two companies are very similar, but they operate in different regions. SoFi Technologies (SOFI 1.39%) might be on the verge of a rebound after falling off a cliff this year. It doubled last year and then dropped early this year, but it's up more than 40% during the past three months. Such is often the way with the markets, especially young growth stocks. But there's another young digital bank stock that hasn't taken any break from skyrocketing gains. It also doubled last year, and it's up about 75% in ...

SoFi Technologies, Inc. (SOFI) shares ended Monday's trading session 11.4% higher at $10.04. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.4% gain over the past four weeks. This increased investor optimism can be attributed to SOFI's $2 billion agreement with Fortress Investment to expand its personal loans business. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, ...

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. This surge is driven by key developments, including the recent $2 billion loan platform partnership with Fortress Investment Group and strong financial performance in Q2 2024. Jim Cramer, the well-known host of CNBC's Mad Money, seemed to be right on the mark when he urged investors to go long on SoFi, a recommendation now validated by the co ...

UKRAINE - 2021/06/06: In this photo illustration, a Social Finance (SoFi) logo is seen on a ... [+] smartphone and a pc screen in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images 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. Despite considerable bets against SoFi— 17.9% of whose shares are s ...

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 ...

Core Viewpoint - SoFi has announced monthly distributions for the SoFi Enhanced Yield ETF (THTA), which aims to provide current income through a combination of U.S. government securities and a credit spread option strategy [1][2]. Group 1: ETF Details - The THTA ETF has a distribution of $0.1904 per share, translating to a distribution rate of 12.00% and a 30-day SEC yield of 4.04% [1]. - The ex-date, record date, and payment date for the distribution are all set for October 15, 2024, with payment occurring on October 16, 2024 [1]. - THTA was launched on November 15, 2023, in partnership with Tidal Investments LLC and ZEGA Financial LLC [2]. Group 2: Company Background - SoFi's mission is to assist individuals in achieving financial independence, emphasizing that financial independence is not solely about wealth but about making money work for personal goals [3]. - Tidal Investments LLC aims to innovate the ETF development process, focusing on growing assets under management (AUM) and providing tools for effective ETF launches [4]. - ZEGA Financial LLC specializes in derivatives and aims to help investors navigate volatile markets through innovative hedging strategies [5].

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 ...