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SoFi Stock analysis. #sofistock #stockstobuy #stockmarket #investing #overlookedalpha
SoFi Stock analysis. #sofistock #stockstobuy #stockmarket #investing #overlookedalpha
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00:00 SoFi technology is attempting to disrupt the finance industry and it's doing so across
00:04 three main segments lending, technology and financial services. All three segments have
00:09 shown rapid growth over the past few years. SoFi banking now offers 3.25% on savings accounts
00:15 and that's helping SoFi to take market share from the big banks. As a result, total banking
00:20 deposits at SoFi were up 86% to $5 billion. But with the US yield curve highly inverted,
00:26 the probability of a recession next year is sky high. In a recession, loan delinquencies
00:31 rise which puts pressure on banks' balance sheets and finance stocks will come under
00:35 pressure if they've made bad loans. That's why I'd prefer to see how this company navigates
00:40 a recession before choosing to invest. I'd also like to see an improvement in net income.
00:45 And that's why I currently give this stock a neutral rating but these are my personal
00:49 opinions not financial advice and I hold no position in SoFi stock at the moment. For
00:54 For more detailed analysis visit our website overlookedalpha.com