3 Financial Services Stocks Investors Can Profit From

Financial services play a vital role in the economy. Banking, investment, insurance, and asset management are some financial services. Given the industry’s potential benefit from the current high-interest rate environment, it could be wise to buy fundamentally strong financial services stocks Everi Holdings Inc. (EVRI – Get Rating), CPI Card Group Inc. (PMTS – Get Rating), and Jiayin Group […] May 25, 2023 [Option Sensei] [3 Financial Services Stocks Investors Can Profit From]( Financial services play a vital role in the economy. Banking, investment, insurance, and asset management are some financial services. Given the industry’s potential benefit from the current high-interest rate environment, it could be wise to buy fundamentally strong financial services stocks Everi Holdings Inc. ([EVRI]( – [Get Rating]( CPI Card Group Inc. ([PMTS]( – [Get Rating]( and Jiayin Group Inc. ([JFIN]( – [Get Rating](. Before diving deeper into the fundamentals of these stocks, let’s discuss what’s happening in the financial services industry. The pandemic has accelerated the adoption of digital financial services. Digital financial solutions have completely changed how we save money, transact, avail credit, etc. Moreover, given the proliferation of the Internet, financial services are now available to a broader population. Technology and consumer-centric solutions have enabled financial services companies to provide better services than traditional financial institutions. Increased automation and reduced need for physical infrastructure have drastically reduced the operational costs of financial services providers. With technological improvements and the growing adoption of digital financial services, the financial services industry is well-positioned for growth. Moreover, financial companies are known to benefit from higher interest rates. Financial services companies will likely benefit in the near term, as rate cuts are not expected to be initiated by the Fed anytime soon. The financial services market is expected to grow at a CAGR of [7.4% to $33.31 trillion by 2026](. Post 2026, the market is expected to grow at a CAGR of 6.3% to reach $45.15 trillion by 2031. Considering these factors, it could be wise to buy the featured stocks. Let’s take a closer look at their fundamentals… Continue reading at [STOCKNEWS.com]( SPONSOR [You Have To See THIS!]( These 5 trading tools cost $2,649 ... but we're willing to give them to you for FREE. Decisions don't come easier than this. [Click here to check it out]( Copyright © 2023 Wealthpop | All rights reserved. Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10119 [Contact]( / [Terms & Conditions]( [Click here to unsubscribe](