SoFi Technologies (NASDAQ: SOFI) has been making incredible progress on its way to becoming a real player in U.S. banking. It has reported two straight quarters of positive net income, as expected, and revenue continues to increase at robust levels.

But with the business' many moving parts, not everything is being taken so well by investors, and SoFi stock is down 29% year to date. Is this a bargain buy or a value trap?

SoFi has done an impressive job working its way up from a student loan cooperative to a major U.S. bank competing with the biggest names in the business. It has nowhere near the assets and membership of the largest banks, but it's growing quickly, and it's on the radar of any digitally savvy young professionals in the U.S. making their first foray into managing their finances.

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Source Fool.com