One of the key drivers of the global economy is the financial industry. Financial services account for nearly a quarter of the global economy, with a projected value of $28.5 trillion by 2025. COVID-19 is assessing economic shifts and their consequences in the post-pandemic world. Investors eager to make a quick buck have put more than $32 billion into financial equities. Visa Inc., Mastercard Incorporated, PayPal Holdings, and JPMorgan Chase & Co. are some of the greatest financial stocks on the market to follow in this regard.
Insider Monkey analyzes the list of the top 10 financial stocks to invest in. With 24,900 shares valued at more than $4.66 billion, Codex Capital’s Alexander Becker is the company’s largest shareholder. Global Payments Inc.’s price target has been lifted to $217 from $206 by BMO Capital analyst James Fotheringham. 69 hedge funds held Morgan Stanley out of 873 tracked by Insider Monkey, with a total value of $5.34 billion. Morgan Stanley’s price target was boosted to $105 from $100 by a Citi analyst, who maintained a Neutral rating on the stock. The Charles Schwab Corporation is a financial services conglomerate based in the United States. Commercial banking, asset management, and wealth management are all services provided by the organization. Citigroup, Inc. analyst James Fotheringham boosted his price objective to $86 from $84 on October 15. By the conclusion of the June quarter, 87 funds were positive on the firm, down from 90 the previous quarter. Following the announcement of the company’s Q3 earnings report, the stock rose 2.5 percent. At the end of the second quarter of 2021, 87 hedge funds in Insider Monkey’s database had positions in Bank of America Corporation totaling $46 billion. For more details, click Top 10 Financial Stocks To Invest In.
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