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Investors’ interest in the financial sector is evidenced by the Financial Select Sector SPDR ETF’s (XLF) 19.9% gains over the past three months compared to the SPDR S&P 500 ETF Trust’s (SPY) 7.2% returns. Adding to the positives, the Federal Reserve has given big banks clearance to resume their capital deployment activities.
So, with these factors in mind, we think it could be wise to bet on established financial companies. The Goldman Sachs Group , Inc. (NYSE:GS), Lazard Ltd (LAZ), Piper Sandler Companies (PIPR), and Cowen Inc. (COWN). These companies have market dominance and reported impressive results in their last reported quarters.
