Data Driven Investing (@datadinvesting) 's Twitter Profile
Data Driven Investing

@datadinvesting

Opinions are noise, data are evidence.

Father of 5, husband, engineer, and equities analysis.

All tweets are my own and not financial advice.

ID: 1527430369183531008

linkhttps://www.datadinvesting.com/ calendar_today19-05-2022 23:26:07

22,22K Tweet

38,38K Followers

572 Following

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$HOOD is offering mortgages through a third party. This is only additive to HOOD's business so it's good for them. However, this is the exact type of product where the bank charter differentiates $SOFI and allows them to win on both pricing and margins. This is good for HOOD

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$SOFI's Galileo is a modern banking core that gives access to the rails for instant payments and stablecoins pymnts.com/news/banking/2…

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This is shocking to me. Like a third of the people which answered only went to one provider for a mortgage rate. Most of those people will probably end up paying tens of thousands more over the course of their loan by not shopping around.

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$NVO completely terminated their partnership with $HIMS. CNBC reports that the following: "But Novo Nordisk on Monday said Hims & Hers has 'failed to adhere to the law which prohibits mass sales of compounded drugs' under the 'false guise' of personalization. The drugmaker also

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Join me and a couple close friends for a live stock draft tomorrow at 4:30 ET. DDI (me), Couch Investor🛋️, Tevis, and Crossroads will go head to head to draft the best 10-stock portfolio. The real question is who gets $SOFI youtube.com/live/VBSHABabt…

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Bank of America gives $SOFI a sell rating and a $13 PT. Can someone please call Mihir Bhatia and tell him 2022 wants its bear case back? Fair value fears? Really? Does he not know that SoFi's actual sales have been higher than the fair value marks for 3 straight years?

Bank of America gives $SOFI a sell rating and a $13 PT. 

Can someone please call Mihir Bhatia and tell him 2022 wants its bear case back? Fair value fears? Really? 

Does he not know that SoFi's actual sales have been higher than the fair value marks for 3 straight years?
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I find this particularly absurd given that his own company, $BAC has $130B+ in unrealized losses of held-to-maturity assets, the largest unrealized loss of any bank in the US. If they were forced to use $SOFI's "aggressive" accounting, they'd be insolvent. Hypocrite.

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How many of these two million borrowers will look for alternatives once they start having their wages garnished for student loans? How many of them will find a refinance option with $SOFI who has over 60% of the student loan refi market?

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Remember when New York Community Bank almost went under last year? Allen Puwalski was brought in to be one of the new directors of the board to right the ship. He knows a thing or two about banking. Here are his thoughts on $SOFI's fair value accounting...