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Insiders who bought SoFi Technologies, Inc. ( NASDAQ:SOFI ) stock in the last 12 months were richly rewarded last week...
The House, led by Speaker Kevin McCarthy (R-CA), and President Joe Biden hammered out a deal in the waning days of May that would raise the debt ceiling to cover costs for two years and avoid a default, which would have devastated the U.S. economy. Avoiding default was itself a significant catalyst for most stocks, but there was a specific provision in the debt-ceiling agreement that sent SoFi's share price surging higher. It is still a huge part of its business, and it has been one of the major reasons the stock has struggled in recent years.
Share prices of digital banking company SoFi Technologies (NASDAQ: SOFI) are on a tear, up more than 52% since the beginning of 2023. But don't worry if you've missed the party; it might not be over yet.
Fool.com contributor and finance professor Parkev Tatevosian digs into SoFi's (NASDAQ: SOFI) accounting of loans. *Stock prices used were the afternoon prices of June 1, 2023. The video was published on June 3, 2023.
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It's usually best to not mix politics and investing, but sometimes political wrangling goes in your favor. That's the case for SoFi Technologies (NASDAQ: SOFI) this past week. In this video, Motley Fool contributor Jason Hall breaks down for fellow Fool Jeff Santoro something in the debt ceiling deal that was really good for SoFi, sending shares rocketing up this week.
Fool.com contributor and finance professor Parkev Tatevosian discusses how lower default rates are benefiting SoFi (NASDAQ: SOFI) stock investors. *Stock prices used were the afternoon prices of May 31, 2023.
Fool.com contributor and finance professor Parkev Tatevosian discusses the strategic thinking employed by SoFi (NASDAQ: SOFI) regarding its loan portfolio. *Stock prices used were the afternoon prices of May 30, 2023.
SoFi can capture a greater share of the lending market, partly because of billions of new deposits added since receiving its bank charter.
Following negotiations, a provision to end the temporary moratorium on federal student loan payments and interest accrual has been included in the bill. The development could kick-start SoFi's performance later this year, and investors have responded by bidding up the stock. The debt ceiling bill deal has been passed in the Republican-controlled House of Representatives, and it will very likely now pass in the Democrat-controlled Senate before being signed by President Biden.
In this video, I will talk about why SoFi Technologies (NASDAQ: SOFI) soared recently and go over some comments made by CEO Anthony Noto during a J.P. Morgan conference. *Stock prices used were from the trading day of May 31, 2023.
Fool.com contributor and finance professor Parkev Tatevosian digs deeper into how SoFi (NASDAQ: SOFI) is becoming a major player in the personal loan industry and the implications it has for SoFi stock investors.
SoFi Technologies (NASDAQ: SOFI) pushed higher today on news regarding the new debt ceiling deal. SoFi stock is up over 54% year to date. Is it headed higher, or is it time for a breather? The video below provides details on the news and an update on the stock, including technical analysis.
SAN FRANCISCO, May 31, 2023--SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced plans to host its 2023 annual meeting of stockholders (the "2023 Annual Meeting") on Wednesday, June 14, 2023, at 7:00 a.m., Pacific Time (10:00 a.m. Eastern Time). The 2023 Annual Meeting will be held virtually.
The Yahoo Finance Live team breaks down some of the top moving stocks of the day. SoFi shares jumped on the debt deal moving through Congress. Under the terms of the deal, student loan repayments would restart, which would be good for SoFi's business. Advance Auto Parts shares plummeted more than 30% after slashing its guidance and dividend. Shares of both HP Inc. and Hewlett Packard Enterprise ended the day lower after the companies reported earnings that didn't meet investor expectations. Click here to see what HPE's CFO had to say about his company's results.
The student loan moratorium has weighed on SoFi stock for nearly two years. Investors are betting that headwind may soon be out of the way thanks to the new debt ceiling deal.
Shares of the one-stop-shopping financial services company and digital bank SoFi (NASDAQ: SOFI) traded more than 11% higher as of 12:39 p.m. ET today in the hope that Congress will soon pass a bill to suspend the debt ceiling. After months of negotiations, President Biden and Speaker of the House Kevin McCarthy agreed on a proposal to suspend the debt ceiling until the first quarter of 2025. Within the bill, McCarthy negotiated several concessions, including the end of the student loan moratorium, which is a pause on federal student loan payments that first went into place more than three years ago at the very beginning of the pandemic.
Fool.com contributor and finance professor Parkev Tatevosian considers how much further SoFi (NASDAQ: SOFI) can grow before hitting a ceiling. *Stock prices used were the afternoon prices of May 27, 2023.
The stock market was having a generally strong morning on Tuesday on the news that a tentative agreement had been reached to lift the debt ceiling and avoid a catastrophic default. As of 9:50 a.m. ET today, SoFi was higher by 7%, making it one of the best-performing stocks in the financial sector. The debt ceiling bill itself is good news for bank stocks and the economy in general, but there is one provision that is particularly good for SoFi.
Investing.com -- Stocks are mixed on Tuesday on hopes about a tentative agreement on the debt ceiling despite objections from some lawmakers. Here are the market movers for May 30.
A grand ambition may be perfect for some investors, while for others, it might be too risky. Fool.com contributor and finance professor Parkev Tatevosian sheds light on SoFi's (NASDAQ: SOFI) long-term strategy.
SoFi (NASDAQ: SOFI) has added billions in deposits as other banks have lost billions. Fool.com contributor and finance professor Parkev Tatevosian elaborates on how SoFi has achieved this impressive feat.
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SoFi Technologies and Upstart have made tremendous progress. But they each need 1 thing to help push them over the top.