This Cathie Wood Favorite is Up Almost 50% in 12 Months

Following a promising earnings report, SoFi stock — a long-term favorite of Cathie Wood — is up 42.57% over the past 12 months.

Introduction

SoFi [SOFI] is a fintech company that began as a social alternative to student loan issuance, but has since broadened out into mortgages, personal loans, employee benefits, investing services and financial services,^[1] including a loan platform that connects pre-qualified borrowers to third party lenders.^[2]

SoFi was the first US fintech comp…