Financial stocks are companies engaged in the financial sector. This includes the big banks of Wall Street as well as companies engaged in the lending and personal finance spaces. Finance has also grown to include new fintech firms that have helped revolutionize the ways in which consumers bank, trade, and make purchases. Investors seeking exposure to the financial sector have their choice of many ETFs and wide-ranging finance stocks from Goldman Sachs to SoFi Technologies.
These bank stocks can help to grow and protect an investor's portfolio over the long haul, offering growth as well as a margin of safety.
These safe havens provide a significantly safer path to investing in equities in the current economic downturn.
These financial stocks are trading at a sizeable bargain while their underlying businesses perform relatively well despite market headwinds