Loading...
Market
Primary driver of SoFi's stock performance by end of 2024?
2
Resolution / Starting Odds
Fortress Loan Agreement • 25%
New Product Launches • 25%
Market Conditions • 25%
Other • 25%
Analyst reports or financial news analysis
Story
SoFi Technologies Announces $2 Billion Loan Agreement with Fortress Investment Group, Shares Up 10%
Oct 14, 2024, 12:42 PM
SoFi Technologies, Inc. (NASDAQ: SOFI) has announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group. The partnership aims to expand SoFi's loan platform capabilities, allowing the company to refer pre-qualified borrowers and originate loans for third parties. Following the announcement, SoFi shares rose significantly in pre-market trading, with an increase of up to 10%, including a 6.67% rise. This strategic move is expected to enhance SoFi's market position and provide substantial growth opportunities in the personal loan sector.
View original story
Similar markets
Less than 10 million • 25%
10 million to 10.5 million • 25%
10.5 million to 11 million • 25%
More than 11 million • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Less than 20% • 25%
20% to 30% • 25%
30% to 40% • 25%
More than 40% • 25%
Less than 500,000 • 25%
500,000 to 1,000,000 • 25%
1,000,000 to 1,500,000 • 25%
More than 1,500,000 • 25%
Less than $150 million • 25%
$150 million to $200 million • 25%
$200 million to $250 million • 25%
More than $250 million • 25%
Less than $180 million • 25%
$180 million to $190 million • 25%
$190 million to $200 million • 25%
More than $200 million • 25%