The financial services sector is well-positioned for robust long-term growth thanks to solid demand driven by consumer spending and business investment activity accompanied by rapid digital transformation. Moreover, industry players usually benefit in a rising interest rate environment as it helps them increase their revenues.
Hence, it could be wise to invest in fundamentally sound financial stock LendingTree, Inc. (TREE). However, investors could hold PayPal Holdings, Inc. (PYPL) and wait for a better entry point in this stock while avoiding struggling Sunlight Financial Holdings Inc. (SUNL) could be wise now.
