As Lenders Become Cautious, SoFi Is Gaining Market Share

By Parkev Tatevosian, CFA – Jun 2, 2023 at 4:30AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$7B

Today's Change

(-0.43%) -$0.03

Current Price

$6.96

Price as of May 3, 2024, 4:00 p.m. ET

SoFi can capture a greater share of the lending market, partly because of billions of new deposits added since receiving its bank charter.

Fool.com contributor and finance professor Parkev Tatevosian digs deeper into SoFi's (SOFI -0.43%) ability to gain market share while other lenders are reducing risk exposure.

*Stock prices used were the afternoon prices of May 29, 2023. The video was published on May 31, 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.

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