Fool.com contributor Parkev Tatevosian explains what rising default rates mean for SoFi (SOFI -5.00%) stock investors.
*Stock prices used were the afternoon prices of May 19, 2024. The video was published on May 21, 2024.
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SoFi Stock Analysis Reveals Status of the U.S. Consumer
By Parkev Tatevosian, CFA
–
May 22, 2024 at 8:13AM
NASDAQ: SOFI
SoFi Technologies
Market Cap
$7B
Today's Change
(-5.00%) -$0.34
Current Price
$6.46
Price as of June 14, 2024, 4:00 p.m. ET
SoFi's management team expects loan default rates to increase in the next few months.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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