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3 “Extra Value” Financial Stocks to Buy Now – Investorplace.com

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It feels like forever ago that financial stocks were the 2017 darling of Wall Street.

3 "Extra Value" Financial Stocks to Buy Now
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Banks and other financials, represented by the Financial Select Sector SPDR Fund (NYSEARCA:XLF), led the broader market higher with roughly double-digit gains from New Year’s through the start of March. However, they’ve lost nearly all of those gains since, with XLF underperforming by 1% to 7.8% year-to-date, and other financial funds such as the Vanguard Financials ETF (NYSEARCA:VFH) are sitting close to flat for the year.

That pullback has come over increasing uncertainty about when President Donald Trump & Co. will push ahead with tax reforms and financial deregulation that was expected to jolt financial stocks to life.

Patience, patience. This pullback represents an opportunity to buy a few solid names in the space that will materially benefit from a rising-interest-rate environment — and when and if we do get tax legislation and the gloves taken off financial institutions, that’s all the better.

From here, these three financial stocks offer plenty of runway.

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