SoFi secures $525M loan agreement with PGIM Fixed Income, boosting shares; positive.

From Stocktwits: 2025-01-16 13:52:15

SoFi Technologies Inc (SOFI) announced a $525 million personal loan securitization agreement with PGIM Fixed Income, boosting shares by over 4%. This transaction adds to the $3.9 billion in personal loan collateral SoFi has sold or securitized. CEO Anthony Noto highlighted strong investor demand for the firm’s personal loans, which continue to drive growth. Retail sentiment towards the stock is ‘bullish’ but mixed chatter persists. Keefe Bruyette analyst Timothy Switzer views the securitization positively, noting continued demand for SoFi’s paper. The firm’s shares have surged nearly 110% in the past year.



Read more at Stocktwits: SoFi Stock Rises After $525M Personal Loan Securitization Agreement With PGIM Fixed Income: Retail Stays Optimistic