The Best Rate-Cut Stock to Invest $1,000 in Right Now [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
cycle in which interest rates throughout the economy decline. The Fed had ratcheted up rates in 2022 to combat rampant inflation. Rate changes affect consumers, businesses, and almost every other part of the economy. Companies that borrow or lend money are especially sensitive, so the rate cut is a big deal for a digital bank like SoFi Technologies (NASDAQ: SOFI) . The stock has disappointed investors for the past few years, but SoFi could be a big winner in this new, lower-rate economy. Here is why investing $1,000 in the fintech's stock today could generate significant returns. First, how do banks make money? SoFi is a digital bank that offers financial services and loans to consumers. It doesn't operate brick-and-mortar branches; customers can use SoFi's website or smartphone app to do their banking instead. However, as with all banks, interest rates directly affect the business. At its core, banking is a two-sided business: Banks pay interest on the money people deposi
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SOFI
News
- Opinion: This Is Cathie Wood's Best Stock for Under $10 [Yahoo! Finance]Yahoo! Finance
- Where Will SoFi Stock Be in 1 Year? [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies: Falling Interest Rates Could Drive Loan Originations For Years [Seeking Alpha]Seeking Alpha
- SoFi launches platform for companies to manage equity programs, including IPOs [Seeking Alpha]Seeking Alpha
- SoFi Launches Directed Share Platform for U.S. IPOs and Capital Raises, Powered by PrimaryBidBusiness Wire
SOFI
Earnings
- 7/30/24 - In-Line
SOFI
Sec Filings
- 9/27/24 - Form 3
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- SOFI's page on the SEC website