SoFi: Bank Charter Changes Everything [Seeking Alpha]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Seeking Alpha
Urupong/iStock via Getty ImagesShares of SoFi Technologies (SOFIWhy the bank charter is a big deal for SoFiIn areleaseThe bank charter creates an opportunity for the personal finance firm to offer customers lower interest rates which could draw hundreds of thousands of new customers in to SoFi's evolving ecosystem. Additionally, the bank charter may help SoFi create a moat around its lending and financial services businesses which have been key to the firm’s growth in the last two years. SoFi’s customer growth soared during the pandemic and the firm may see more than 3.3M customers by year-end. This growth is in large part due to the firm’s roll-out of new products, especially financial services products such as insurances or investment products. The financial services category has seen the fastest growth in SoFi’s business in the last year and also the highest customer adoption. The bank charter may be an accelerant on this already strong commercial momentum, and lead to even better
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SOFI
News
- 3 No-Brainer Money-Related Stocks to Buy Right Now for Less Than $500 [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies, Inc. (SOFI) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Earnings Estimates Moving Higher for SoFi Technologies (SOFI): Time to Buy? [Yahoo! Finance]Yahoo! Finance
- Is This SoFi Stock's Biggest Risk Right Now? [Yahoo! Finance]Yahoo! Finance
- SoFi Announces New Partnership with #4 World Ranked Professional Golfer and Reigning U.S. Open Champion Wyndham ClarkBusiness Wire
SOFI
Earnings
- 1/29/24 - Beat
SOFI
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- SOFI's page on the SEC website