Several medium-sized banks have failed in the last few months.
SoFi (SOFI -0.13%) recently acquired a bank charter and has attracted billions of dollars in deposits. Fool.com contributor and finance professor Parkev Tatevosian discusses how this recent banking turmoil could impact SoFi stock investors.
*Stock prices used were the afternoon prices of May 9, 2023. The video was published on May 11, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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