Is SoFi owned by bank of America?
SoFi is an entirely independent, publicly traded financial technology corporation and is not owned, operated, or controlled by Bank of America. While both entities operate within the broader financial services landscape, they function as completely separate competitors, with Bank of America representing a legacy traditional megabank and SoFi operating as a modern digital-first financial institution. SoFi trades publicly on the NASDAQ stock exchange under its own distinct ticker symbol, owned collectively by thousands of institutional and retail shareholders worldwide rather than any single legacy banking giant.
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SoFi (Social Finance, Inc.
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SoFi (Social Finance, Inc.) operates its digital banking and financial services offerings primarily through SoFi Bank, National Association.