Is SoFi a Future 10-Bagger or Should You Stay Away?

By Matt Frankel – Nov 5, 2022 at 6:41AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(1.97%) $0.14

Current Price

$7.25

Price as of April 22, 2024, 4:00 p.m. ET

The banking disruptor just reported excellent earnings, but there are still some lingering issues.

Despite reporting fantastic third-quarter earnings, SoFi (SOFI 1.97%) is still down about 80% from its highs. In this video, Matt Frankel, CFP®, explains why SoFi's results are so encouraging, but also why there is still a lot that needs to go right for the bank disruptor to be a long-term winner.

**Stock prices discussed in the video are from Nov. 3, 2022. This video was published on Nov. 4, 2022.

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Bank of America and SoFi Technologies, Inc. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.