SoFi's stock is dropping close to its lowest point in a year after Bank of America's bad earnings report.

Oct 14, 2026, 11:05 AM ETMarketRead the original at Benzinga

Bad for SOFI

SoFi is exposed to bank sentiment and higher rates, and an analyst said they added more than $1 billion in costs and raised capital concerns. Bank of America reported growth in loans and interest income, and StoneX rated SoFi Buy, but the specific SoFi cost concerns weigh more.

SOFI · SoFi Technologies Inc.

AI read · Bad for SOFI

The AI's read

SoFi is affected by bank sentiment because it has a bank charter. Higher rates also matter: an analyst said rates and SoFi’s growing balance sheet raised costs and brought capital concerns. StoneX’s Buy rating points the other way. Bank of America also reported growth in interest income and loans, but those facts do not remove the specific cost concerns raised about SoFi.

Get alerts for SOFI

Follow SoFi Technologies Inc. (SOFI) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for SOFI

Free on the App Store and Google Play, or on the web.