Should You Buy SoFi Stock Before Oct. 27?
By newsfeedback@fool.com (Dave Kovaleski)
Read original article on Motley FoolAs 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.
One bank to watch this earnings season is SoFi Technologies (NASDAQ: SOFI). Here's why.
This story was originally published on Motley Fool. DennTech aggregates headlines from top crypto publications to keep traders informed.
Read full article on Motley Fool