SoFi Technologies Inc. has long been a polarizing stock, and the impending end of the student-loan payment pause has become yet another issue drawing strong opinions from both sides.
Shares of SoFi SOFI have surged 63% over the past month, a move that partly reflects optimism about the company’s ability to benefit from the debt-ceiling deal that codified an end to the student-loan payment moratorium. But SoFi already had expected the pause to culminate at the end of August, and some more skeptical analysts have questioned how much upside there is to SoFi’s student-lending business from the move.
He estimated that fewer than 2% of outstanding student loans were refinanced in 2019, even with low interest rates.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: Investors digest upbeat economic dataUS stocks rise as investors digest upbeat economic data and latest developments in Russia
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lordstown Motors stock price craters after company files for bankruptcyLordstown Motors craters 48% after the company files for bankruptcy and sues Foxconn over failed deal
Source: BusinessInsider - 🏆 729. / 51 Read more »