Financial stocks are going to continue soar thanks to an improving economy, less regulation and higher interest rates, experts told CNBC on Monday.
"This is all about credibility and confidence … as the economy continues to recover, financials are going to be a big part of it, especially loan growth," said Brian Belski, chief investment strategist at BMO Capital Markets.
Plus, the sector usually trades in tandem with the market, but this latest bull market has not been led by financials, he pointed out.
"We think there is still gross, gross underperformance of financials to get caught up on."
In fact, Belski told "Power Lunch" he believes S&P 500 financials have more than 30 percent higher to go in terms of reaching any kind of fair value.