SoFi Stock News

SoFi Technologies (SOFI) stock surged on Wednesday, rising by as much as 14% to reach $13.71 by the close. Retail investors piled back into the former

SoFi Technologies Inc (NASDAQ: SOFI ) shares are on the move Wednesday after the company announced it received approval to become a Bank Holding Company. What Happened: The Office of the Comptroller of the Currency and the Federal Reserve approved SoFi''s applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp. The transaction is expected to close in February. SoFi said it plans to operate its bank subsidiary as SoFi Full story available on Benzinga.com

SoFi Technologies has received regulatory approval to officially become a bank. Now here''s how we''re trading the stock.

These are the stocks posting the largest moves in midday trading.

SoFi Technologies SOFI +14%, Reliance Global (RELI) +11%, Cian (CIAN) -9%, Akso Health (AHG) -8%

Rosenblatt''s Sean Horgan raised his SOFI price target to $30 following the bank charter news. What do other analysts think about SOFI stock?

BAC, MS and PG all rose in pre-market trading on earnings news. SOFI jumped on regulatory approval to become a bank. ADS slipped on the loss of a major client.

Futures Rebound Strongly From Overnight Rout As Yields Stabilize After what earlier looked like another assured overnight rout, especially after 10Y yields hit 1.90% and Brent rose as high as $89/bbl, US equity futures reversed earlier losses to trade higher as earnings optimism outweighed concerns over soaring bond yields and a 50bps March rate hike. As of 7:00am ET, emini S&P futures were up 14 points ot 0.3% to 4,585, Nasdaq futures were up 65 points or 0.44% and Dow futures were also in the green by 89 points or 0.25%. The dollar slumped after several days of sharp gains, the 10Y yield traded at 1.8826%, down from the session''s highest levels, and Brent was at $88.23. The prospect of accelerated policy tightening as well as concerns over the omicron variant and inflation hurting companies profits have whipsawed equities this year. The surge in Treasury yields has fueled a rotation out of expensive technology and growth shares and into cheaper parts of the market. Meanwhile, the 10Y yield has continued its aggressive push higher overnight, and hit a fresh 2 year high, rising just above 1.90% for the first time since Jan 2020, before retracing some of the move.

SoFi (SOFI) shares are rallying sharply in the premarket as the company has gotten approval to operate as a fully fledged bank. The shares are current

SoFi Technologies (SOFI) +18.5% premarket on announcing that the Office of the Comptroller of the Currency and the Federal Reserve have approved its applications to become a Bank

Shares of SoFi rallied on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.

2021 is already firmly in the past, but on Wall Street, the year wont be truly over until companies report 4Q21s financials. That said, when SoFi Technologies (SO

InvestorPlace - Stock Market News, Stock Advice & Trading Tips SoFi Technologies (SOFI) stock is on the move Tuesday as investors discuss a bank charter for the company and what it could do to the stock. The post SOFI Stock: 11 Reasons Why Investors Are Banking On a SoFi Bank Charter appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First…

Here are the biggest calls on Wall Street on Tuesday.