Published on 26 Jul 2023 on Market Watch
How you can profit in the stock market from an incredible financial services trend over the next 20...
Investors are generally sour when it comes to bank stocks, and the financial sector as a whole trades at a low valuation to expected earnings.
But the great expansion of U.S. household wealth points to an opportunity for long-term investors to ride a wave of stable and growing earnings for certain financial service companies. These companies are de-emphasizing riskier and lower-margin lending businesses and cyclical investment-banking activities, while focusing on growing more stable fee-generating business.