This Digital Bank Could Rally Hard in the Next Bull Market
Shares of financial technology company and digital bank SoFi Technologies (NASDAQ: SOFI) have fallen more than 70% from their highs; surely something must be wrong with the business, right? The ongoing student loan freeze hurt the company, but is that a reason to avoid the stock?
Peel back the onion layers and you'll see that SoFi's business is arguably more robust than ever, despite the stock price woes. Here are three reasons it could be a huge winner when investor sentiment toward the market eventually turns positive again.
Banking is one of the world's oldest industries, and traditional banks have ruled that roost for centuries. There are more than 11,000 banks and credit unions in the United States, and the largest financial institutions have branches and ATMs throughout most major towns and cities.
Source Fool.com
