The consumer financial sector is uplifted by the rising wealth of high-net-worth individuals and the increasing demand for generative AI in financial services. Given this backdrop, it could be wise to consider fundamentally strong financial stocks such as OneMain Holdings, Inc. (OMF), Qifu Technology, Inc. (QFIN), and Artisan Partners Asset Management Inc. (APAM) with high dividend yields.
The financial services market is expected to at a CAGR of 7.6% by 2028. The expected growth is driven by the rising wealth of high-net-worth individuals, increased demand for alternative investments, greater blockchain adoption to prevent fraud, a rise in individual investor activities, more homeownership and mortgages, and overall investment growth.
