The financial services industry is set for robust growth this year and beyond, propelled by the burgeoning digitalization in the sector. In addition, the likelihood of additional rate hikes is expected to further benefit the industry.
As a result, we think it could be wise to invest in fundamentally strong financial services stocks Jiayin Group Inc. (JFIN) and CPI Card Group Inc. (PMTS), which are poised to benefit from the industry’s favorable outlook. However, fundamentally weak stock Upstart Holdings, Inc. (UPST) could be best avoided due to its bleak growth prospects.
