Some traders are using the recent pullback in financial stocks to scoop up shares of what they call quality names at bargain prices.
That includes Charles Schwab , down 23% this month, as turmoil rocks the broader financial sector, especially hitting regional banks.
She views the slump in Schwab shares, up 7% Tuesday but still trading at 14 times earnings, as an opportunity to add to her list of quality financial stocks.
Traders like Cerity Partners' Jim Lebenthal recommend playing the banking sector through regionals, or the SPDR S & P Regional Banking ETF .
KRE 1M mountain Regional bank ETF slumps 25% in March After a short time in First Republic , Lebenthal said he sold the San Francisco-based regional bank given stepped-up bearish sentiment, taking a 10% loss.