3 Financial Stocks Poised for a Comeback After Last Week's Market Meltdown

For the most part, 2024 has been a year of relative success for financial stocks, as the sector has been able to provide strong returns to investors amid a U.S. economy that could be reaching a breakpoint for the average consumer. Recently, Bank of America (NYSE:BAC) CEO Brian Moynihan attributed this spending slowdown to a maintenance of lifestyles acquired during the pandemic-era stimulus checks. However, this take is not founded in reality, as this concept of increased consumer spending habits three year ...