Keefe Bruyette analyst Timothy Switzer views SoFi Technologies (SOFI)’ $525M personal loan securitization positively, saying it indicates continued demand for the company’s paper and capital market conditions are trending well. That said, the $525M amount is relatively small compared to the bank’s $25.2B fair value loan portfolio, and the recent surge in interest rates may limit continued improvement in the capital markets over the near term, the analyst tells investors in a research note. Keefe keeps an Underperform rating on the shares with an $8 price target
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