SoFi Technologies: Higher For Longer Is A Boon, Along With Fintech Diversification

Dilok Klaisataporn/iStock via Getty Images Since then, SOFI has unfortunately pulled back by another -13.1% well underperforming the wider market at -2.5%. Despite so, we are maintaining our Buy rating, due to the promising growth in its top/ bottom lines as the management executes the dual pronged growth as both an online bank and a fintech. Combined with the growing bank deposits, the contribution to its lower cost funding, the promising reversal in its GAAP profitability, and the stock price's pullback, ...