Where Will SoFi Be in 5 Years?
Compared to megabanks like Wells Fargo or Bank of America, SoFi Technologies (NASDAQ: SOFI) is anything but an industry titan. In fact, with only 10 million customers and just a little more than $30 billion in assets, SoFi doesn't even make a dent in the reach of its larger rivals.
As veteran investors understand, however, size isn't everything. It's a company's growth trajectory that ultimately determines its stock's investment potential, and SoFi has plenty of that to offer during the next five years.
Never heard of it? Don't sweat it. Plenty of people haven't. It's a relatively new name by banking standards. It's also an online-only bank, meaning you've never driven by a branch and seen its sign outside.
Source Fool.com
