Financials Stocks Should Handle Rising Interest Rates Better Than Other Sectors
Most of the sector is fairly valued.
The Morningstar US Financial Services Index has outperformed the Morningstar US Market Index over the previous year, returning 60.9% compared with 58.4%, and significantly outperformed in the previous quarter, up 14.3% compared with the market, which is up 6.0%.
Financials outperformed in the first quarter - source: Morningstar
Michael Wong does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.