2 Financial Stocks I'd Buy Right Now

While stocks in the financial sector are down on average by nearly 16% year to date, don't be scared away from investing in the sector. While financials have been hit hard by the pandemic and recession, for every bank stock that's down 35%, there is a fintech that's up for the year. Some have even performed better during the pandemic. And even among those stocks that are down, there are many great values that you can pick up relatively cheap.

Here are two financial sector stocks I'd buy right now -- one that will be a growth engine for years to come, PayPal Holdings (NASDAQ: PYPL), and one that's a terrific value, Axos Financial (NYSE: AX).

The services that PayPal provides -- digital and mobile payments -- have been especially critical for consumers and merchants during the COVID-19 pandemic. PayPal's payment volume increased 29% in the second quarter compared to the same period last year, and PayPal's number of active accounts climbed 40% year over year to 346 million.

Source Fool.com