SoFi Just Reported a Profit. Does That Make the Stock a Buy?

The banking industry is ready for disruption. Legacy stalwarts play a major role in how money moves around the world, but advancements in technology have been making waves in the banking space for some time. So-called "neobanks" -- including SoFi (SOFI -3.54%) -- have risen in popularity thanks to a unique approach of marrying financial services with a mobile-first platform.SoFi offers many of the same products as larger banks do. However, you may not be familiar with the company as it doesn't have brick-an ...