3 Ridiculously Cheap Bank Stocks
The financial sector has been one of the worst-performing parts of the stock market in the COVID-19 pandemic. Since the beginning of February, the S&P 500 is down by just over 13% while the Financial Select Sector ETF (NYSEMKT: XLF) is down by 28% -- more than twice the drop in the broader market.
And to be fair, the current environment isn't great for banks. Record-low interest rates are likely to squeeze profit margins, and the recession could lead to a spike in loan defaults.
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Source Fool.com
