$SOFI
IT IS OFFICIAL.
Student loan payments are starting in October, as per the Department of Education.
The Supreme Court still has to rule, but regardless of their ruling, student loans will resume this Fall.
There will need to be ALOT of refinancing, and $SOFI is in a prime position to capture that market.
Here’s a question - with student debt at 1.8T and the average borrower having to pay $300 a month when it resumes, there will be a deflationary effect because less discretionary income will be spent, which is good, but will this also impact earnings for companies now that a natural stimulus (pause on payments) is gone?
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Comments
Could we break the trend of up in the morning and give back? Don’t really matter because if they execute this SP at $8,$9,$10 or even if it went down to $7, imo is a major discount of true value
According to my calculations, 99% of SoFi shareholders are better off just ending their bag holding misery now and instead dollar-cost-averaging into an S&P 500 index fund for the long run instead🤡
SoFi is expanding into commercial. Recent job postings @ SoFi suggest a potential expansion into business banking. Anthony Noto is doing everything right.
No profit warnings so far in the market, including sofi. Q2 numbers will be good.
Get used to this action seeing SOFI achieve a higher low nearly every single day or so I believe.
Look at the investor place article from earlier today, it actually does affect SOFI directly.