
Lending stocks are getting a boost Thursday after President Joe Biden on Wednesday outlined plans to forgive a portion of federal student debt for qualified borrowers and announced the freeze on repayment will be extended one final time to the end of the year.
Some of the names participating in the two-day rally include SoFi Technologies Inc (NASDAQ:SOFI), LendingTree Inc (NASDAQ:TREE), LendingClub Corp (NYSE:LC) and Upstart Holdings Inc (NASDAQ:UPST).