The actions of the Information about the company SoFi Technologies Inc (NASDAQ:SOFI) traded higher on Monday after the company announced a $2 billion loan deal Fortress Investment Group.
What happened
SoFi has announced a $2 billion lending platform business deal for personal loans with funds managed by affiliates of Fortress Investment Group.
The deal is expected to expand SoFi’s capabilities in its lending platform business. SoFi refers qualified borrowers to loan origination partners and originates loans on behalf of third parties.
“SoFi’s lending platform business is an important part of our strategy to serve the financial needs of more members and diversify into less intensive and more fee-based sources of income,” he said. Anthony NoCEO of SoFi.
Is SOFI a good stock to buy?
An investor can make several decisions when determining whether a stock is a good buy. In addition to valuation metrics and price developments found on Benzinga’s stock pages, such as the SoFiFor example, there are factors such as whether or not a company pays a dividend or buys back a large portion of its shares each quarter.
Share buyback programs are obviously different and very variable. A company can authorize a buyback program and buy back shares as it sees fit during the period the buyback has been authorized. When you look through the latest news about him SoFiyou will often know if the company has recently approved a buyback program. Buyback programs often support stock prices, acting as a backup to demand.
SOFI stock price history
Light SoFi stock increased 4.88% to $9.45 at press time, according to Benzinga Pro.
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2024-10-14 22:23:00
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