John Maxfield on Banks, Lending, and SoFi

The 7investing Podcast · Nov 19, 2024 · 40m

It's an exciting time to invest in the banking sector.

Newly-elected President Donald Trump has promised to relax regulations on banks, which could boost lending volumes. The Federal Reserve has lowered interest rates twice during the past two months, which could make companies more eager to borrow.

In response, several publicly-traded financial services companies including Upstart Holdings (Nasdaq: UPST), Affirm Holdings (Nasdaq: AFRM), and SoFi Technologies (Nasdaq: SOFI) have seen their share prices skyrocket and are generating fantastic gains for their investors.

But will this momentum…