The Best Bank Stock to Invest $200 in Right Now

Bank stocks, as a category, usually provide certain benefits for investors that are different from other kinds of stocks. They're usually cash-rich, established companies that provide protection in volatile markets and often pay dividends.But if you're looking for a great bank stock to invest in right now, I have a different kind of bank in mind. SoFi Technologies (NASDAQ: SOFI) is a midsized bank that's all digital and a tech-first company, or classic fintech. It's young, only recently profitable, doesn't pay any dividends -- and could be the best bank stock to buy right now if you have $200 available to invest.SoFi has its roots as a loan co-op started by college students, and student loans remain a core part of its business. However, it has expanded into all kinds of loan and financial services and is emerging as a powerhouse bank that provides services to students, young professionals, and anyone looking for an easy-to-use digital-banking app.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool