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By Parkev Tatevosian, CFA–May 21, 2024 at 5:30AM
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NASDAQ: SOFI
SoFi Technologies
Market Cap
$7B
Today's Change
(0.88%)$0.06
CurrentPrice
$6.91
Price as of May 30, 2024, 4:00 p.m. ET
SoFi is attracting billions in customer deposits, and that is lowering its cost of funding loans.
Fool.com contributor Parkev Tatevosian elaborates on the core aspect of SoFi Technologies' (SOFI 0.88%) business model.
*Stock prices used were the afternoon prices of May 18, 2024. The video was published on May 20, 2024.
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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
