SoFi Technologies (SOFI 1.72%) is having a good few months. In recent weeks, the online bank and lending platform has added a new loan partner, recently reported strong third-quarter earnings, and is now adding robo-investing for customers.
The company keeps firing on all cylinders, adding more and more products to improve its value. In turn, this is leading to more customer growth.
The stock is up 35% in the last month and getting near the all-time highs set when its merger with a special purpose acquisition company (SPAC) was consummated in 2020. Should you buy after this recent run-up? Let’s investigate SoFi’s stock performance and find out.
Fast growth and improving profitability
Top-line results came in with more of the same in the third quarter. Total customers grew 35% year over year to 9.4 million, which was a record. Strong…
