Why SOFI Stock Could Be a Beneficiary of The Banking Crisis!

Hey guys, welcome back to YT Finance where I bring you the latest and greatest in the world of finance! And let me tell you, the banking sector has been going wild these past few weeks! Silvergate Capital Corp is winding down operations, Silicon Valley Bank was closed, and US regulators placed Signature Bank into receivership. But, the real question is, what does this mean for our investments? All eyes are on the Federal Reserve interest rate decision and the FOMC economic projections which will be released soon, but let me tell you about my latest investment, SoFi Technologies (NASDAQ:SOFI). Now, a lot of people have been asking if my investment case has changed due to recent events, but I'm still bullish on SOFI! And why wouldn't I be? SOFI could be a beneficiary of banking inflows and outflows, and CEO Anthony Noto recently made a loud statement by purchasing over $1 million worth of stock. Plus, have you heard the latest news from SOFI? Members with direct deposit can earn 4% APY on their savings and vault balances, and 1.2% on their checking balances with no account, overdraft, monthly, or minimum balance fees! Compare that to JPM or BAC's measly interest rates, and SOFI is becoming a household name. Their deposit base increased by 535.2% in just one year, and their member growth grew by 51% YoY! I believe SOFI is well positioned for the future, and I'm excited to see their Q1 2023 earnings report coming soon! So, don't miss out on this opportunity, and let's ride the SOFI wave to success!

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.

[kevinthomas]

My price target is $20 once the supreme court strikes down the illegal loan forgiveness and Sofi wins the law suit against the decrepit one to complete that double whammy

[topshelfornoshelf]

3215 shares long SoFi !!!! Will buy more In April

[spawnrider]

Im a sofi bull, but for the bank run matter, from my personal perspective, if banks are in crisis, depositor will more likely to choose bigger bank such as morgan stanley, american bank over sofi. This is just my personal view.

[BobbyBrown]

Sofi savings accounts pay 4% interest. Bank of America only paid me .05%.

[jacobamiri]

Time to sell all my SPY and VTI stock and load up on #SOFI 🚀🚀🚀

[spawnrider]

Besides ceo of sofi, do you know any other sofi insider made the purchase of company itself too?

[PillCosbylovesPills]

BofA JP MORGAN Chase and Wells Fargo are going Nowhere! But yes SoFi should do well

[RacksonRacksonRibss]

Your comments around 4:05 to 4:30 — about deposit flight from larger banks to smaller is wrong. It’s the opposite.

[TimeLapseCarGuyBruno]

hey what's the stock price at today? lol