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Why the Market Is Skeptical of SoFi Right Now

TheMotleyFool

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Why the Market Is Skeptical of SoFi Right Now: https://g.foolcdn.com/editorial/images/733320/person-stocks-10.jpg

While the Nasdaq Composite, a benchmark index for the tech industry, has rallied more than 22% this year, the one-stop-shop financial services company and digital bank SoFi (NASDAQ: SOFI) is only up about 10.5% this year.

SoFi has seen its stock struggle since reporting its first-quarter earnings, which beat consensus estimates and included a small raise to the company's full-year guidance.

The market has been worried about SoFi's large-and-growing personal loan portfolio and how management is marking those assets and preparing for loan losses. It's clear the market is very skeptical of SoFi right now. Here's why.

Source Fool.com

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