Category: KBW
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SoFi shares fall after KBW downgrade on valuation concerns
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(Reuters) – Shares of personal finance app SoFi Technologies fell as much as 7% on Thursday, after analysts at KBW downgraded the stock to “underperform” on concerns about its lofty valuation and ambitious financial goals. SoFi stock last traded at $14.68 and is headed toward a fourth straight session of…