Upstart was significantly and negatively impacted when the third-party lending market dried up in 2022.
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Should You Buy SoFi Stock Before the Huge Investor Update?
The creator discusses SoFi's (SOFI) upcoming earnings report and analyzes the company's recent performance, highlighting strong revenue growth and new member acquisition. The video also contrasts SoFi's digital-first approach with traditional brick-and-mortar banks, suggesting SoFi has a competitive advantage.
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The creator mentions Wells Fargo as an example of a large bank that is pulling back on physical locations and staff training, which gives SoFi an advantage.
The creator mentions Bank of America as an example of a large bank that is pulling back on physical locations and staff training, which gives SoFi an advantage.
The creator has rated SoFi as a buy since it fell to around $18 per share and believes it's a buying opportunity ahead of the earnings update.
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