A low interest rate environment and slowdown in economic activities put pressure on financial stocks last year. However, with the economy’s reopening and with it an uptick in financial transactions this year, many financial services companies are experiencing a solid recovery. This, coupled with improving odds that the Fed will raise interest rates soon in response to rising inflation, is helping the shares of Capital One (COF), Synchrony (SYF), and OneMain (OMF) climb to fresh highs. Despite hitting their 52-week highs recently, we think these stocks appear to have plenty of remaining upside. Read on.
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