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A fresh buy initiation from StoneX gave SoFi bulls a reason to cheer, then an inflation report gave bears something louder to say. Now three fintech names are sliding hard, and the question is whether SoFi's deposit advantage can hold the line.
StoneX initiated coverage of SoFi stock with a buy rating on views the consumer fintech's valuation makes it attractive amid stronger operating performance.
SoFi Technologies (NASDAQ:SOFI) Stock Falls 6.7% - Time to Sell?