Is SoFi Stock a Buy as Biden Forgives Student Loans?
Financial services company SoFi Technologies (SOFI) reported disappointing second-quarter financials, and the stock is currently trading more than 75% below its 52-week high. Furthermore, analysts are bearish about the company’s earnings growth prospects. However, given Biden’s announcement of student loan forgiveness and an end to the loan repayment pause, is it wise to buy SOFI…