The financial services sector benefits from the growing popularity of finance apps for budgeting, increased internet access, advanced fintech solutions, wider financial service availability, and favorable government policies. However, it also grapples with challenges like cybersecurity crises, regulatory shifts, possible mergers, and racial disparities in lending practices.
Therefore, I think fundamentally weak financial stocks UWM Holdings Corporation (UWMC), LendingClub Corporation (LC), and Edenred SE (EDNMY) might be best avoided now.
