Even after beating the market in 2013, many investors still think big banks like Bank of America and Citigroup are deeply undervalued and stand to benefit from an improving U.S. economy.
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson dip into their mailbag to answer a listener's question about investing in a financial-focused ETF like the Financial Select Sector SPDR (NYSEMKT:XLF) instead of picking individual banks.
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David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America, Citigroup, and JPMorgan Chase. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, Google, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.