3 Rising Financial Stocks to Buy This Week

Driven by solid demand for varied financial services and products, the financial sector is well-positioned to witness long-term robust growth. Fintech has further been instrumental in revolutionizing the industry in recent years. It has disrupted traditional business models and created numerous opportunities for companies, both in enterprise and consumer segments.

Given the industry’s bright prospects, fundamentally sound financial stocks FS KKR Capital Corp. (FSK – Get Rating), Regional Management Corp. (RM – Get Rating), and Manhattan Bridge Capital, Inc. (LOAN – Get Rating) could be ideal additions to your portfolio this week.

The financial services sector comprises banking, credit cards, mortgages, insurance, payment services, tax accounting, and investing. Demand for these enterprise and consumer-related finance products is driven by robust consumer spending, business investment activity, and economic growth.

The global financial services market is projected to reach a staggering $37.48 trillion by 2027, growing at a CAGR of 7.5% during the forecast period (2023-2027).

Moreover, the U.S. has one of the largest and most liquid financial markets worldwide. A high demand for cheaper loans supports the industry since the demand for housing and other amenities is growing among consumers. Further, increasing disposable income is enabling consumers to invest more, propelling the market’s growth.

The global consumer finance market is expected to expand at an impressive CAGR of 7.1%, totaling a value of $1.96 trillion by 2029.

Fintech, or financial technology, is reshaping the future of the financial services sector. Financial companies are leveraging digital tools and technologies such as online payments, virtual advisors, cloud, Artificial Intelligence (AI), data analytics, automation, blockchain, the Internet of Things (IoT), and more.

Generative AI in the financial services industry serves several applications like risk management, fraud detection, refining investment strategies, overcoming data limitations, and personalized services. The global generative AI in financial services market is expected to reach $11.22 billion by 2032, registering a CAGR of 28.4%.

Considering these industry trends in mind, top financial stocks FSK, RM, and LOAN could be ideal buys now for…

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