Here's Why SoFi Is Spiking Higher Again Today
The stock market was having a much-needed strong day on Thursday, with all three major averages well into positive territory. However, fintech disruptor SoFi Technologies (NASDAQ: SOFI) is a major outperformer, with shares up by 12% at 10:30 a.m. ET, adding to yesterday's double-digit gain.
Today's move appears to be a continuation of investor reactions to the news that SoFi is going to officially become a bank, as regulators approved its pending acquisition of Golden Pacific Bancorp, which clears the way for SoFi bank to begin operations as soon as next month.
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Source Fool.com
