SoFi CEO Aims to Turn Former Anti-Bank Into Financial Titan (2)

The US Supreme Court’s decision to reject student-debt forgiveness provides a potential boon to lenders like SoFi Technologies Inc., which first got big by refinancing loans for graduates from top universities.

And the head of the San Francisco-based company isn’t ready to stop there.

“Our goal is to get to a 30% ROE,” Chief Executive Officer Anthony Noto said in a June 12 interview. That’s roughly double the return on equity at banking giant JPMorgan Chase & Co. “But it’s also to become a top 10 financial institution in the United States.”

The lofty goal is hardly out of ...