SoFi Technologies Inc Stock News

The financial technology, or fintech, industry was one of the hardest hit parts of the stock market in the post-pandemic bear market, but there are still some excellent opportunities. PayPal (PYPL -1.45%) is one great example with a stock price that is still about 70% below its 2021 peak and excellent turnaround progress in 2024, while SoFi (SOFI -3.74%) is an app-based bank with tremendous mom...

SoFi Technologies (SOFI -3.74%) hasn't impressed too many investors since its public debut. The fintech company went public by merging with a special purpose acquisition company (SPAC) on June 1, 2021, and its stock opened at $21.97.

As a general rule, investors should own stocks of companies that are smart picks no matter when you buy them or how long you hold them.

In today's video, I will be talking about the recent updates regarding SoFi Technologies (SOFI 2.50%). Watch the short video to learn more, consider subscribing, and click the special offer link below.

SoFi (SOFI 1.82%) has been one of the best performers of the financial sector in 2024 but has taken investors on quite a roller-coaster ride since it went public in mid-2021. If you had bought $1,000 worth of SoFi stock three years ago, how much money would you have today?

SoFi Technologies (SOFI 1.82%) is only the 67th-largest U.S. bank by assets, but it's caught a lot of attention for its all-digital, high-growth platform. The lending and financial services platform has graduated from a hyped-up, overvalued, and unprofitable business to a solid, proven, and a profitable one.

SoFi Technologies, Inc. reached 10 million members in a sign the business will remain strong ending 2024. The fintech's revenue growth is now driven by financial services tied to members growth, with a projected 80% growth rate this year.

The S&P 500 has been on fire, consistently reaching record highs and showcasing strong performance over the last two years. But when it comes to standout stocks, SoFi Technologies (SOFI 2.13%) has rocketed up by 261% since the beginning of 2023.