SOFI — SoFi Technologies, Inc. - Common Stock
Session close: $14.77. Regular-session share volume: 37,962,608. Change from previous close: -0.87%.
Key developments
SoFi launched SoFi Earn during the session, adding an interest-bearing tokenized deposit backed by federally insured bank deposits. Members can convert funds into cash or SoFi’s stablecoin for cryptocurrency purchases and blockchain transfers. The launch extends its recent crypto product expansion. Separately, a Prudential partnership announced the previous day lets members obtain quotes and buy term life insurance within SoFi’s app, broadening its embedded financial services.
SoFi Technologies (SOFI) Introduced An FDIC Insured Tokenized Deposit · SoFi Launches "SoFi Earn" Tokenized Deposit Product · SoFi and Prudential Financial Announce Partnership for Life Insurance
Earlier reporting highlighted divided analyst views ahead of earnings. StoneX argued that strong operating growth and prospective profit conversion made the selloff excessive, while Keefe, Bruyette & Woods raised concerns about higher rates, balance-sheet costs and capital exposure from fair-value accounting. These are prior-session assessments, not evidence of the current session’s trading response to the product launch.
SoFi Stock Moves Higher: What's Going On?
News sources
Company news SoFi Technologies (SOFI) Introduced An FDIC Insured Tokenized Deposit