Investors are nervous about banking stocks, and rightfully so. With the rapid failures of Silicon Valley Bank and Signature Bank in recent weeks, businesses that seemed to be sound and running smoothly have wiped out shareholders. This has led to an investor exodus from the banking sector, with regional bank stocks, based on the Invesco KBW Regional Banking exchange-traded fund, down roughly 20% this year.
But there’s no need to put your money in risky bank stocks, especially if you are not a professional investor. Here are two resilient financials to buy for your portfolio instead.
This post originally appeared at The Motley Fool.