Reported 2 days ago
SoFi Technologies, a rapidly growing digital bank focused on young professionals, has announced the reintroduction of cryptocurrency trading and other innovative services on its platform. This move, coupled with the company's success in diversifying its financial offerings, has led to a surge in its stock price, making it an attractive option for potential investors. While SoFi's price-to-earnings ratio is currently high at 40, its growth potential and the ability to capture market share in the evolving finance sector could justify the valuation for long-term shareholders.
Source: YAHOO