Could Buying SoFi Stock Today Set You Up for Life?

SoFi Technologies (NASDAQ: SOFI) has emerged as a real player in online banking, offering value for customers through competitive savings rates and innovative products. Its stock has reflected that, and it's up more than 200% over the past year alone. Is it just getting started? Let's see if SoFi stock can set you up for life.SoFi is one of a group of all-digital banks that got started a few years ago and are gaining traction as a real alternative to the traditional banking system. SoFi started off as a lender, and that's still its core business. But it made a prescient decision to get a full banking charter a few years ago, and it's benefited from higher interest rates over the past few years, with increasing net interest income that has helped it turn a robust profit.That decision also opened up a world of new opportunities as it has expanded its platform to offer a large assortment of products and services for its customers, and it has helped it stand out from the increasingly crowded space of online banking.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool