3 Financial Stocks to Watch Closely for Rising Momentum

[Investing Insights Daily]( August 25th, 2023 SPONSORED AD [Is This AI opportunity the "new NVIDIA"? (Surprise Verdict)]( Now that A.I. is ready for takeoff... we're staring at a great opportunity. It all begins with the Smart TV in your living room... In fact, we have compelling new evidence that this so-called 'AI TV' could become the #1 Tech Sensation of the Decade... the Next Big Thing! If our prediction is right, it's about to transform into something totally new... totally different... and hugely lucrative for eager investors. This one could be the granddaddy of them all! [Go HERE to see why.]( [3 Financial Stocks to Watch Closely for Rising Momentum]( After showing remarkable resilience over the last two years, the financial services industry is expected to witness continued growth, thanks to solid corporate and consumer spending on financial services and the growing adoption of digital technology. Moreover, financial institutions generally benefit in a rising interest rate environment as it helps them boost their profit margins. Amid this backdrop, investors could watch financial stocks First American Financial Corporation ([FAF]( – [Get Rating]( Everi Holdings Inc. ([EVRI]( – [Get Rating]( and Digital World Acquisition Corp. ([DWAC]( – [Get Rating]( witnessing solid momentum. In recent years, the financial services industry has [demonstrated its ability]( to navigate unprecedented levels of macroeconomic uncertainty successfully. From real estate to insurance to investment management to banking and capital markets, financial services organizations are well-poised for continued resilience and growth, driven by sustained demand for financial services. According to a report by The Business Research Company, the global financial services market is expected to grow to $37.48 trillion by 2027 [at a CAGR of 7.5%](. Moreover, financial services companies are expected to benefit from the current high-interest rate environment. Last month, the central bank raised interest rates by 0.25%, lifting the fed funds rate to a [target range of 5.25%-5.5%]( the highest level in 22 years, in its fight against persistent inflation. While price increases have eased over the past year, dropping the inflation rate from 9% in mid-2022 to [3.2% in July this year]( it is still well above the Fed’s target of 2%. Further, Fed minutes released last Wednesday from the most recent meeting showed that Fed officials expressed concerns about the pace of inflation and said [more rate hikes could be required](. Furthermore, digital transformation plays a significant role in reshaping the financial services sector by bringing numerous growth opportunities. [Adopting digital technology is pivotal for organizations]( to remain competitive, meet changing customer expectations, and drive operational efficiency. For instance, with digital channels, customers can access their accounts, make transactions, and seek help anytime, anywhere, enhancing customer experience. By adopting advanced technologies like… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019