BTIG assumed coverage of SoFi Technologies with a Neutral rating as part of a broader research note launching coverage on Consumer Finance names. The company has demonstrated consistently strong top-line growth, with accelerating new customer growth, high active accounts, significant deposit inflows and increasing technology partnerships, the analyst tells investors in a research note. On the negative side however, credible concerns about credit trends, capital levels, and higher bank regulation will continue to weigh on shares, BTIG added.
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