The concept of online banking has been around for a few decades now, but SoFi Technologies (Nasdaq: SOFI) is going about it a little differently. Instead of...
Recent results certainly have been impressive. SoFi has grown its membership base by 450% over the past three years to over 4.7 million, and it has done a great job of increasing adoption of its checking, savings and credit card offerings. This should help create a natural marketing funnel for its high-profit lending products. Galileo has grown by leaps and bounds as well; it recently had 124 million customer accounts on its platform, about 39% more than just a year ago.
Trading can be halted or delayed for several reasons. For example, there may be some headline news pending, such as an announcement about a merger or restructuring, a big change in management, a major legal development or significant good or bad news regarding the company’s products. The halt — typically less than an hour, but sometimes longer — can give investors time to digest the news before making any buy, sell or hold decisions.
Shareholders are rewarded directly when dividend-paying companies send them a portion of earnings on a regular basis. They can also benefit when companies repurchase shares, as that reduces the share count, making each remaining share more valuable.It’s important to learn about life insurance because many people who need to carry it don’t, and some who are carrying it don’t actually need it.
If you’re considering buying life insurance, learn about the two main types of policies — term and permanent. Term insurance is the least expensive, and for many people, it’s best. It provides coverage for a defined period — for example, until your children reach the age of 20, or until your mortgage is paid off. It offers a fixed death benefit, but no cash value.
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