Why SoFi Stock Is On Fire

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SoFi's (NASDAQ: SOFI) shares bounced recently on news student loans wouldn't be forgiven on a mass scale. That's great for the company's business and Travis Hoium goes through why in this video. 

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A portion of this video is sponsored by The Motley Fool.

00:00 Introduction and Supreme Court Ruling
00:33 Impact on SoFi's Lending Portfolio
01:06 Details on Student Loan Forgiveness Plan
01:57 SoFi's Financial Segments and Market Reaction
04:49 Future Outlook and Conclusion
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You couldn’t be more wrong. Student loan lending is such a small percentage of SoFi business that this is not why the stock is running
If Sofi was dependent on student loan lending they would’ve been out of business .

ryanlevens