SoFi shares are trading lower after the US Supreme Court blocked Biden's student loan forgiveness program.
Portfolio Pulse from Benzinga Newsdesk
SoFi shares are trading lower following the US Supreme Court's decision to block Biden's student loan forgiveness program.
June 30, 2023 | 4:37 pm
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NEGATIVE IMPACT
SoFi's stock price is negatively impacted by the Supreme Court's decision to block the student loan forgiveness program.
SoFi, being a major player in the student loan market, is directly affected by the Supreme Court's decision. The blocked forgiveness program could have reduced the company's loan portfolio, impacting its revenues negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100