3 Top Financial Stocks to Buy in March
With COVID-19 breaking out in new regions of the U.S. and around the world, you might not think it's the best time to invest in financial stocks. The Federal Reserve just made a pre-emptive 50 basis-point cut to the federal funds rate, which will put a crimp in banks' net interest margins this year. And if the coronavirus leads to something really bad, like a prolonged recession, banks and other financial firms will take another hit.
Still, even the highest-quality financial stocks have quite rapidly gone on sale over the past two weeks. Though the following companies have fallen along with the sector, they depend less on interest rates than others. Moreover, each company has a deep economic moat that should ensure stability in rough times and outsize returns over the long term.
Image source: The Motley Fool.
Source Fool.com
