Here's Why SoFi's Bank Charter Is Driving the Stock Higher

Here's Why SoFi's Bank Charter Is Driving the Stock Higher

Now, instead of partnering with third-party financial institutions to hold consumer deposits and actually make the loans it approves, SoFi can do those things in-house. This will greatly improve SoFi's cost of capital. In fact, an analyst with Mizuho Securities said in a note that this alone could boost SoFi's EBITDA by as much as $300 million annually.