It’s official: SoFi (SOFI) just became a bank. On January 18, the financial services name received a stamp of approval from the Office of the Comptroller of the Currency (OCC) and the Federal Reserve to become a bank holding company through its acquisition of Golden Pacific Bancorp.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
With this bank charter enabling the company to offer more affordable interest rates and higher-yielding customer accounts, will SoFi take off in the year ahead?
Check out the video below to get the full scoop:
Download the TipRanks mobile app now
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Read full Disclaimer & Disclosure.