Should You Buy SoFi Stock Before Oct. 27?
SoFi stock is down 34% YTD. Is it in the buy zone?
Overview
As we enter the last week of September, it's time to look ahead to third quarter earnings season, and more specifically, banks -- the first major group to report earnings every quarter.
Banks have had a good year so far, in general, but the third quarter has been a bit rocky. The record pace of investment banking in the first half has slowed, and banks are expecting lower investment banking fees. In addition, the Federal Reserve raised interest rates for the first time in three years at its September meeting, which hurts banks as they may be faced with higher deposit costs and reduced loan activity.
Details
One bank to watch this earnings season is SoFi Technologies (NASDAQ: SOFI). Here's why.
Source
Originally published at www.fool.com.