3 Top Finance Stocks to Buy in September
The financial sector has taken quite the beating this year. Banks, lenders, insurance companies, financial service firms, and payment processing companies are battling inflation, rising interest rates, and market volatility. These pressures have pushed some of the best financial stocks like Bank of America (NYSE: BAC), Block (NYSE: SQ), and Blackstone Group (NYSE: BX) down by 27% or more at the time of this writing, even though each of those companies has tremendous long-term opportunities.
Here's why September could be a great time to add these discounted stocks to your portfolio.
Benchmark interest rates have been at historically low levels for close to 15 years. So the Federal Reserve's recent benchmark rate hikes have been welcomed by banking institutions like Bank of America. Those higher rates mean banks can earn more interest on the loans they make.
Source Fool.com
