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SOFI Becomes a National BankToday, SoFi Technologies ( NASDAQ:SOFI ) announced that the company received regulatory approval to become a National Bank. This is a massive achievement for SOFI. The Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved SOFI's applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp and operate its bank subsidiary as SoFi Bank , National Association. SOFI expects the acquisition of Golden Pacific Bancorp to close in February 2022, subject to the remaining customary closing conditions. “This incredible milestone elevates our ability to help even more people get their money right and realize their ambitions,” said Anthony Noto, CEO of SoFi. “With a national bank charter, not only will we be able to lend at even more competitive interest rates and provide our members with a high-yielding interest in checking and savings, but it will also enhance our financial products and services to ensure they efficiently meet the needs of our members, business partners, and communities across the country while continuing to uphold a high bar of regulatory standards and compliance. This important step allows us to add to our broad suite of financial products and services to better be there for our members during the major financial moments in their lives and all of the moments in between. I’m incredibly proud of our team and excited about the opportunities ahead to help even more people achieve financial independence.” Last year, in a key strategic step in SoFi’s path to obtaining a national bank charter, the company announced a definitive agreement by its subsidiary Social Finance to acquire Golden Pacific Bancorp and its wholly-owned subsidiary Golden Pacific Bank. SoFi plans to contribute $750 million in capital and pursue its national, digital business plan while maintaining Golden Pacific Bank's community bank business and footprint, including Golden Pacific Bank's current three physical branches. At the time of the announcement, SoFi submitted a revised business plan for Golden Pacific Bank to the OCC and an application to become a bank holding company and for a change of control to the Federal Reserve for approval. After completing the acquisition of Golden Pacific Bank, SoFi Technologies will become the parent company of SoFi Bank, National Association. Over the past year, SOFI investors have been hit left, right, and center holding onto this highly volatile stock. In fact, the stock has continued to move towards all-time lows day after day. That being said, fundamentally, the business continues to perform very well. SOFI's guidance for Q4 2021 points towards SoFi reigniting revenue growth rates to 55% yr/yr growth. This gives investors reassurance during this turbulent time that SOFI is indeed still growing rapidly. Right now, with SOFI's National Bank approval, this fintech stock's risk-reward profile is arguably the best it's ever been.
NASDAQ:SOFILong
by TickerTimeNews
33
TATACOMM SELL @ 1460 & TARGET @ 1450 Dear Traders, TATACOMM SELL @ 1460 & TARGET @ 1450 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:TATACOMMShort
by Tallastrading
JUBLFOOD 27 JAN 22 CE 3850 B @ 82 & TARGET @ 85Dear Traders, JUBLFOOD 27 JAN 22 CE 3850 B @ 82 & TARGET @ 85 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:JUBLFOODLong
by Tallastrading
DELTACORP B @ 270 Target @ 275Dear Traders, DELTACORP B @ 270 Target @ 275 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:DELTACORPLong
by Tallastrading
IRB B @ 224 TARGET @ 230Dear Traders, IRB B @ 224 TARGET @ 230 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:IRBLong
by Tallastrading
LAURUSLABS B @ 528 TARGET @ 538Dear Traders, LAURUSLABS B @ 528 TARGET @ 538 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:LAURUSLABSLong
by Tallastrading
AUBANK B @ 1165 TARGET @ 1175Dear Traders, AUBANK B @ 1165 TARGET @ 1175 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:AUBANKLong
by Tallastrading
What's up with Deutsch Bank ($DB)I drew this setup about 10 weeks ago and since everything worked as planned so far I decided to share it. DB is in a symmetrical triangle (weekly/daily chart) or maybe even in a falling wedge. The previous trend was bullish, nice HH (higher highs) and LLs (lower lows), what gives rise to the idea, that there could be a bullish breakout. The BO is confirmed, if this weeks candle closes outside the formation. Most likely this weeks candle will have a small to medium upper wick, since it is approaching a certain type of resistance, called a Order Block (OB). OBs are similar to support and resistance areas. After hitting this OB we will most likely see a retracement in price back to the purple area (area of interest/ buy area), where I will enter my first long position. My S/L is beneath the grey resistance zone. My TP is at the end of the black arrow, I choose to exit there because there is a major resistance and it is a very relevant area. To me this sounds like a tempting well thought through trading idea. But remember: use proper risk management and be responsible. As always: no financial advice
NYSE:DBLong
by SimpForProfit
GRAPHITE B @ 520 & TARGET @ 530Dear Traders, GRAPHITE B @ 520 & TARGET @ 530 Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:GRAPHITELong
by Tallastrading
Bank Nifty 36300 PE 16 DEC 2021Hi Friends! Instrument / Symbol : Bank Nifty 36300 PE 16 DEC 2021 SELL this today and by Thursday it will become zero. Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:BANKNIFTYShort
by Tallastrading