|Day's Range||3.2000 - 3.2000|
Thursday was generally an awful day to be a fintech stock investor, unless you were an investor in SoFi Technologies (NASDAQ: SOFI). The insulation came from an analyst who reiterated his unequivocal buy recommendation on SoFi stock. The bull was well-known Mizuho Securities prognosticator Dan Dolev, who published a fresh update on SoFi Thursday morning after a dinner meeting with top managers and investor relations executives.
Nio (NYSE: NIO) is a luxury automaker in China. SoFi Technologies (NASDAQ: SOFI) is a financial services company in the U.S. This video will compare the two growth stocks to determine which is the best one to buy now.
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.