SOFI Stock Warning: Is It Time to Let Go of the Struggling Fintech?

SoFi’s (NASDAQ:SOFI) competition continues to be strong, while its valuation is quite high and it is likely to be meaningfully hurt by actions taken by the Biden administration now and in the future. Given these points, I recommend that investors sell SOFI stock. Tough Competition On the consumer loan front, SoFi faces steep competition from numerous banks, including huge institutions like JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC), along with other major fintech players, including PayPal (NASDAQ:PY ...