One of the key generators of the US economy, the financial industry, is already assessing the economic changes brought on by COVID-19 and their influence on the post-pandemic world. In the second quarter of 2021, the US economy reached its pre-pandemic size, according to a study provided by the Department of Commerce. This post-pandemic economic boom is likely to benefit big finance right away. The explosive growth of cryptocurrency and financial technology businesses threatens to upend centuries-old institutions. Visa, Mastercard, and PayPal are some of the top financial stocks to keep an eye on in this regard.
Here is Insider Monkey’s list of the 15 best financial stocks to buy now. Coinbase Global, Inc. is ranked fifteenth. Over the last five days, the company’s stock has returned 5.5 percent to investors. It sells crypto transaction financing infrastructure and technology. Fidelity National Financial, Inc. is ranked fourteenth. The company is based in Florida and mostly sells insurance products. Over the last year, its stock has returned 38 percent to investors. Capital One Financial Corporation is ranked fourteenth. According to Thomson Reuters, the company’s stock has returned 153 percent to investors in the last year. During that time, the company’s revenue was more than $7.3 billion. S&P Global Inc. is ranked 12th. Over the last year, the stock has provided investors with returns of more than 20%. S&P’s revenue for the quarter was $2 billion, up 8% year over year and $110 million higher than expected. Goldman Sachs Group, Inc. is ranked eleventh. The firm is based in New York and offers a variety of financial services. It just raised over $70 million in a capital round backed by Wall Street heavyweights. Morgan Stanley is ranked tenth. According to Thomson Reuters, the company’s stock has returned 97 percent to investors in the last year. Morgan Stanley’s second-quarter earnings topped market expectations by $0.23. Citigroup Inc. is ranked ninth. Over the past year, investors have received a 36 percent return on their investment. Its headquarters are in New York, and it recently released its second quarter financial report. For more details, click 15 Best Financial Stocks to Buy Now.