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2 Potential “Buy The Dip” Financial Stocks
The financial sector is in big trouble. Which could provide big opportunities to savvy, “buy the dip” investors.
Here are two established businesses that should weather the storm.
Each company pays a well-covered dividend. And one of the two is a long-term market-beater (even after the big sell-off) that’s now trading at a single digit PE ratio.
Let’s take a look at both businesses and whether or not they’re worth investing in.
1. American Express Company ($AXP)
American Express is a financial company that issues credit cards, processes payments, and offers banking services.
They’ve been in business since 1850, and are a household name.
In fact, there’s a good chance you have one of their credit cards.
Despite their history and brand recognition, American Express often trades in “value territory.”
The company’s PE ratio is a modest 14.04.
And American Express offers a starting dividend yield of 1.53%, with a payout ratio of 21.14%, and a 5-year compound…