The financial sector has been hit hard since the beginning of March. The collapse of SVB Financial's Silicon Valley Bank, Signature Bank, and most recently First Republic has left investors uneasy about financial stocks.

The Financial Select Sector SPDR Fund is down nearly 9% since March, but that doesn't mean you should ignore all financial stocks because of this. Some asset managers have done an excellent job accumulating assets while boasting strong balance sheets and solid dividend payments.

Two blue-chip asset managers that should be on your radar are BlackRock (NYSE: BLK) and T. Rowe Price (NASDAQ: TROW). Here's why these stocks are solid buys in May, despite turbulence in the financial sector.

Continue reading

Source Fool.com