Top Financial Stocks to Watch After Fed Rate Hike
Financial stocks are gaining attention after the recent Fed rate hike. MarketBeat's stock screener tool has identified five top performers in the sector, which include Robinhood Markets (HOOD), Coinbase Global (COIN), JPMorgan Chase & Co. (JPM), Visa (V), and Bank of America (BAC).
These companies have seen high trading volumes in recent days. HOOD operates a financial services platform that allows users to invest in stocks, ETFs, ADRs, options, gold, and cryptocurrencies.
The other four companies on the list offer various financial services, including banking, investment, and payment processing. JPMorgan Chase & Co. is a holding company that provides investment banking, consumer and commercial banking, and asset management services.
Visa operates as a payment technology company, while Bank of America offers banking and financial products to individual consumers and businesses.