Better Buy: SoFi vs. Charles Schwab

With nothing more than a passing glance, the two companies look quite similar. Brokerage firm Charles Schwab (NYSE: SCHW) has been around much longer and has expanded into other areas like banking and lending. SoFi Technologies (NASDAQ: SOFI) may be younger and founded on the student loan business, but it too has ventured into banking and brokerage. Both companies specialize in serving the online, self-service crowd. And both stocks more or less offer shareholders the potential for a reward that's commensurate with their risk.

If there's only room for one new financial stock in your portfolio, though, which should you choose?

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Source Fool.com