SoFi announced that chief legal officer Rob Lavet will retire from the company and be replaced by Simcock, who previously served as vice chairman of JPMorgan Chase's legal department and as general counsel of Chase's retail businesses. Simcock will oversee legal affairs, regulatory compliance and corporate governance at SoFi.
Bank stocks have had a successful year with potential for more growth if economic stability is maintained. BofA predicts positive sector performance in US elections and potential regulatory changes.
Nvidia's market value surged by $350 billion due to a gamma squeeze, catching the attention of investors. Its role in AI and strong earnings are both opportunities and risks.