In this piece, I have evaluated two financial stocks, SoFi Technologies, Inc. (SOFI) and Manhattan Bridge Capital, Inc. (LOAN), to determine the better investment. Based on a fundamental comparison of these stocks, LOAN appears to be a more fiscally responsible stock to own for reasons explained throughout this article.
After maintaining rates at 0%-2.5% for 14 years, the Fed began an aggressive rate increase campaign due to surging pandemic-induced inflation. Last month, Federal Open Market Committee raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%, the highest level for the benchmark rate since early 2001.
