SoFi stock surge continues on record volume [MarketWatch]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: MarketWatch
SoFi Technologies Inc. shares are soaring for the second-straight day on heavy volume as optimism continues to build for the company's banking ambitions. SoFi's stock SOFI is up more than 15% in Thursday trading and currently the most actively traded stock on major U.S. exchanges with volume of 223 million shares as of 3 p.m. ET. That volume already marks a new record for SoFi. The stock gained 13.7% in Wednesday trading after the company announced that it won regulatory approval for a banking charter. Analysts broadly cheered SoFi's banking win earlier this week, citing multiple opportunities for the company to boost its earnings by leveraging the capabilities that being a nationally chartered bank would afford. The charter can help lower SoFi's cost of funding and allow it to hold loans for longer, analysts said. The company has also won growing praise from a different part of the investment community: the retail crowd. Mentions of SoFi on Reddit ballooned shortly after the
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SOFI
News
- SoFi Technologies, Inc. (SOFI) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business Financing [Yahoo! Finance]Yahoo! Finance
- Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business FinancingBusiness Wire
- 3 No-Brainer Money-Related Stocks to Buy Right Now for Less Than $500 [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies, Inc. (SOFI) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 1/29/24 - Beat
SOFI
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- SOFI's page on the SEC website