Appriss provides risk and criminal justice intelligence products and solutions. The $1.8 billion acquisition of Appriss Insights in 2021 expanded the capabilities of workforce solutions, he said. Workforce solutions encompass human resources compliance management such as employee onboarding, payroll, tax management, compliance and the like. Notably, "Equifax's star in recent years has been its workforce solutions segment, which is now its largest segment," Morningstar analyst Rajiv Bhatia said in a research note. Market TR Index, which returned 10.8% a year over the same period. It also outperformed the broadly diversified Morningstar U.S. A year later, it added Midigator, a provider of post-transaction fraud mitigation solutions, to its stable of offerings.ĮFX is one of the best financial stocks in terms of price performance, with a quarterly total return (price + dividends) over 15 years that has outpaced the industry: 14.0% annually compared to 10.7%. The company has beefed up its core business with a string of complementary acquisitions, notably Kount, an AI-powered fraud prevention and digital identity solutions company it bought for $640 million in 2021. But its business spans beyond determining a good credit score. credit bureaus, along with TransUnion and Experian. To make this list, stocks needed a score of 2.5 (Buy) or lower.Īnalysts' consensus recommendation: 2.18 (Buy)Įquifax ( EFX, $229.13) is one of the three big U.S. The research firm scores analysts' ratings on a five-point scale, with 1.0 being the best (Strong Buy) and 5.0 being the worst (Strong Sell). We also only included stocks that boast consensus recommendations of Buy or better at S&P Global Market Intelligence. We used this index as a jumping off point to find the best stocks to buy in the financial sector, while expanding our scope to find a handful of hiqh-quality blue chip stocks that have impressive fundamental strength. Morningstar calls these wide-moat stocks "very rare," as they are the "cream of the crop in terms of the quality and durability of their business models." stocks over time: Since its debut in 2007, the index has more than quadrupled compared with a threefold increase in the S&P 500. One way to screen for these top financial stocks is the Morningstar Wide Moat Focus Index, which tracks the lowest-priced companies with competitive advantages that are expected to last more than 20 years into the future.
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How to find the best financial stocks to buy However, there are winners even in this bleak scenario: High-quality financial services stocks with strong balance sheets that are undervalued. When just looking at regional banks, the underperformance is even worse, with the SPDR S&P Regional BAnking ETF ( KRE) down 28% so far this year.īank stocks can be "value traps," according to a recent research note from BofA Global Research.
This is due to their current downtrodden state following the regional banking crisis from earlier this year.įinancial stocks are lagging in 2023, with the Financial Select Sector SPDR ETF ( XLF) flat on a year-to-date basis vs a more than 15% gain for the S&P 500. Investors seeking out the best financial stocks will want to tread carefully, focusing on high-quality names with solid fundamentals.įor investors on the hunt for value, financial stocks may look alluring.
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