SoFi stock pops on Q2 earnings, revenue
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- Barrons.com
SoFi Stock Surges. A Strong Beat and Raise Earns It a Price Target Boost.
The financial services company posts second-quarter record revenue of $356 million, up 50% year over year.
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This Potential Catalyst Could Be Huge for SoFi
Media outlets are reporting that President Joe Biden will soon decide on whether to extend the student loan payment moratorium and whether to grant some level of forgiveness on outstanding federal student loans. The unknown surrounding these two decisions has dogged SoFi Technologies (NASDAQ: SOFI) for the last two years, considering the company was founded on the student loan business and used to be one of SoFi's largest and most profitable business lines. Let's take a look at why this upcoming catalyst could be huge for SoFi's business.
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