While the broader market has enjoyed a strong rally this year, many top financial stocks have continued to struggle. Within that category, Discover Financial Services (NYSE: DFS) has slumped roughly 8% in 2023. Meanwhile, PayPal Holdings (NASDAQ: PYPL) is down 12% in the same time span.

Which of these underperforming stocks looks like the better buy right now? Read on for a look at both and a determination of which company is the better play for long-term investors. 

PayPal stock is now down roughly 80% from the high that it reached in July 2021. For a highly profitable business that's still growing revenue at a solid clip, the company's current valuation looks downright cheap.

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Source Fool.com