The Latest Breaking News from SoFi Technologies

A large bet was made in SOFI Technologies' call options based on a report by Barchart. The trade is a bet that SOFI's profits will spike along with the stock with the restart of student loan repayments.

Many workers are graduating and “going to be in a hole and they can’t invest," Anthony Noto said.

After months of speculation over whether President Biden will pause or cancel student loan debt, a verdict was reached on August 25th after the President addressed the issue stating that the student loan forgiveness will be paused for another 4 months until December 30th.

President Joe Biden is expected to deliver on a campaign promise Wednesday by confirming the cancelation of federal student loan debt. Here's what we know so far ahead of Biden's speech at 2:15 p.m. EST:

Shares of SoFi Technologies (SOFI) are down more than 65% in price year-to-date. The stock has been under pressure due to the Education Department’s repeated revisions of the end date of the student loan moratorium and the Fed’s aggressive interest rate hikes. With the Education Department likely to push back…

Over the past 3 months, 10 analysts have published their opinion on SoFi Technologies (NASDAQ:SOFI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

According to Benzinga Pro data, during Q1, SoFi Technologies (NASDAQ:SOFI) posted sales of $321.73 million. Earnings were up 0.59%, but SoFi Technologies still reported an overall loss of $110.36 million.

SoFi Technologies (SOFI) stock certainly hasn't been a winner since its IPO, but one analyst's bullish argument and upgrade might convince some of the skeptics.

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