|Bid||5.71 x 2200|
|Ask||5.72 x 1400|
|Day's Range||5.57 - 5.80|
|52 Week Range||4.24 - 10.57|
|Beta (5Y Monthly)||1.72|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
With the recent demise of 40-year-old Silicon Valley Bank (SVB) and the recent desperation sale of 167-year-old Credit Suisse, some may be especially nervous about their own bank stocks. While this high-growth neobank still has a lot to prove, SoFi management's recent decision-making is looking pretty smart today, and that's encouraging for investors going forward. The first genius move SoFi made last year was getting a banking license, which it obtained through the acquisition of Golden Pacific Bancorp in February of 2022, renaming the bank holding company SoFi Bank.
In the latest trading session, SoFi Technologies, Inc. (SOFI) closed at $5.56, marking a -0.18% move from the previous day.
The recent banking industry meltdown, fueled by the collapse of Silicon Valley Bank, has many consumers with money in savings accounts wondering if their cash is safe. The good news is that FDIC insurance protects deposits of up to $250,000 per person. Now, SoFi is taking that worry off the table.