Want Exposure to the Buy-Now-Pay-Later Space With Less Risk? Try This Stock
Recently, Citizens Financial Group (NYSE: CFG), a $187 billion asset large regional bank based in Rhode Island, announced that it plans to extend its point-of-sale, buy-now-pay-later (BNPL) relationship with Microsoft (NASDAQ: MSFT). BNPL has been all the rage lately, with companies like Affirm (NASDAQ: AFRM) running up to huge valuations in a very short time period.
However, being a large regional bank, Citizens' stock enables people to get exposure to the space without the same kind of risk that has led to a big sell-off in high-growth tech stocks lately. Let's take a look at how Citizens offers this exposure with more stability.
Investors view Citizens as a more traditional bank stock, not that the bank hasn't gotten a lot more innovative from a digital banking perspective over the years. The bank has a large commercial loan portfolio and other fee income businesses like investment banking and wealth management.
Source Fool.com
