The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world. In today's edition, Austin gives his reasoning behind the decision to make big bets on high finance. While the finance sector has become the market's whipping boy over the past few years -- and with good reason-- it's also housed some of the market's best values. Companies like Bank of America, JPMorgan Chase, Wells Fargo, and US Bancorp are all trading for crazy discounts to their historic book value. Not only that, this sector is set to expect 55% earnings-per-share growth in the next quarter. While the lion's share of this is because of Bank of America's huge writedowns in this quarter last year, thus making comparisons much easier, even when you back out Bank of America's earnings, the sector is poised for huge wins.

That's just one of the reason our top analysts have called some stocks in the finance space "The Stocks Only the Smartest Investors Are Buying." You can learn more about these top picks by clicking here, or you can order an exclusive special report with deep-dive analysis on Bank of America, including all the reasons you should buy, by clicking here.

Austin Smith owns shares of Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, and has the following options: short Apr. 2012 $21.00 puts on Wells Fargo, short Apr. 2012 $29.00 calls on Wells Fargo, short Oct. 2012 $33.00 puts on Wells Fargo, and short Oct. 2012 $36.00 calls on Wells Fargo. Motley Fool newsletter services recommend 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.