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SoFi Technologies: The Bank Charter Will Change Everything

Nov. 01, 2021 7:27 AM ETSoFi Technologies, Inc. (SOFI)LC, SQ130 Comments
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Data Driven Investing


  • The bank charter is SoFi's biggest catalyst and will have measurable effects on its margins, membership, and marketing.
  • Analysis of the timeline of previous fintechs who have received bank charters suggests that the bank charter approval should be in the near future (within ~6 months).
  • Other fintechs' valuations have exploded after receiving a national bank charter and SoFi will follow suit.

Old Fashioned Bank Sign

georgeclerk/E+ via Getty Images

SoFi Technologies (NASDAQ:SOFI) is finally seeing a return to a reasonable value after its unwarranted price drop following Q2 earnings. At the time, I highlighted that the price drop gave investors a tremendous

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Data Driven Investing profile picture
I work in research and development in the energy industry and enjoy analyzing companies and investing. I focus primarily on stocks with large growth potential or deep value. I usually take long positions if I choose to take a position, although I have been known to dabble in short term options occasionally. Follow me on Twitter @DataDInvesting

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SOFI, LC, SQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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