SOFI - Forget Bank of America; Buy This Magnificent Bank Stock Instead
2024-04-24 04:35:00 ET
With a market cap approaching $300 billion and total assets on the balance sheet of $3.3 trillion, Bank of America is undoubtedly one of the largest financial institutions out there. It's also known to be one of Warren Buffett-led Berkshire Hathaway 's top holdings.
That might prompt you to give this bank stock some added attention, or even to buy shares. But if you continue reading, you may forget soon about Bank of America and instead strongly consider buying the magnificent bank stock featured below.
Capitalism creates (and requires) constant innovation. Perhaps no business has innovated in the banking sector quite like SoFi Technologies (NASDAQ: SOFI) has. This company went from focusing solely on refinancing student debt to now becoming a full-on digital banking powerhouse. SoFi provides checking and savings accounts, a brokerage service, credit and debit cards, and various loan products.
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Forget Bank of America; Buy This Magnificent Bank Stock Instead