SoFi: Buy, Sell, or Hold?
SoFi Technologies (NASDAQ: SOFI) has made excellent progress in diversifying its business into becoming a one-stop shop for customers' financial needs. It has also expanded its technology platform, which lets non-bank companies offer financial products to their customers.
These growing businesses have helped SoFi report its third consecutive profitable quarter, but the stock continues to struggle and is down by a third this year. What's holding SoFi back is its significant personal loan portfolio and related charge-offs.
Investors got some positive news on this front during the company's second-quarter earnings call. But is it enough to make the stock an attractive buy today? Let's dive into the good and bad of it for SoFi and where things go from here.
Source Fool.com
