The 7 Best Financial Stocks for 2020
Financial stocks are among the market sectors facing an extremely uncertain future in 2020.
Last year saw the sector pushed and pulled by factors including three Federal Reserve rate cuts, waffling on the U.S.-China trade deal and weak but eventually improving economic data from some of the world's largest economies. Financial stocks still managed a 29% gain amid the turmoil.
But 2019 might seem like a cakewalk compared to what's ahead. Low interest rates still are hampering commercial banks, and no one is quite sure what's in store from the Fed. Meanwhile, the U.S. and China have a much more difficult path to finish the job started by their "phase-one" trade deal, and the 2020 election cycle will have Wall Street guessing all year at whether bank stocks will enjoy another accommodative presidential term.
As a result, analysts' top picks in the financial sector aren't your usual "who's who" of big banks and insurers. While there are a couple of well-known consumer names, emerging fintech firms and smaller financial companies are catching the analyst community's eye.
Here, then, are the seven best financial stocks to buy for 2020. We've used the tool from TipRanks to narrow down the sector's most compelling investment opportunities, as seen by Wall Street's analysts. All of these stock picks are so overloaded
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