Sofi yahoo finance full#

Sofi yahoo finance full#

That’s mostly because the industry is full of profit-taking middlemen and rooted in antiquated and costly physical processes. The whole process is slow, expensive, and cumbersome. Long phone calls and in-person appointments. That’s because we think this neobank is about to do to the financial sector what Amazon did to e-commerce 20 years ago: consolidate it and monopolize it.īasically, SoFi is trying to do to Bank of America ( BAC) and Wells Fargo ( WFC) what Amazon did to JCPenney and Sears, hence the “Amazon of Finance” title.Īnd we believe it will be successful in these efforts, primarily for one simple reason: Hardly anyone likes the legacy banking process.Īccount fees. In fact, we think buying shares of this tiny bank stock today could be like buying shares of Amazon back in early 2001.

Unsurprisingly, while most bank stocks are crashing right now, this bank stock is rising.Īnd we think the ascent is just getting started. It is a small neobank that is showing significant and impressive signs of strength at the same time that many of its peers are collapsing. It’s the biggest financial crisis this country has seen since 2008 – and, before that, the Great Depression.Īs a result, most bank stocks are now crashing.īut in the midst of all this chaos, one small bank is emerging as the potential “Amazon of Finance.” Over the past three weeks alone, four major banks – Silicon Valley Bank, Signature Bank, Credit Suisse ( CS ), and First Republic ( FRC ) – have either failed or nearly failed. The bigger the crisis, the bigger the opportunity.Īnd currently, we have a major banking crisis on our hands.

A graph showing the price growth in AMZN stock over timeĪlas, I repeat: Crises create opportunities.