The following video is from Thursday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Matt Koppenheffer discuss the top business and investing stories of the day.
The European Central Bank cut its benchmark interest rate to a new record low of 0.5%. What does the move mean for investors? What does the move mean for financial stocks? In this installment of MarketFoolery, our analysts discuss the move, and make a surprising suggestion.
The relevant video segment can be found between 0:32 and 5:11.
Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. Matt Koppenheffer owns shares of Goldman Sachs and Bank of America. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Bank of America and Citigroup Inc . 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.