Bet_Noire
The three fintech stocks that led the group of financial stocks with the biggest gainers this week, while one of the biggest losers in the financial sector in a single week was the Financial Select Sector SPDR ETF (NYSEARCA:XLF) increased by 2.1%. .
Because In the second week of the year, investors seem willing to take on more risk. In the broader market, the S&P 500 up 2.7% for the week ending January 13.
Leading the gainers was Chinese fintech Lufax Holdings (NYSE:QUALITY), up 27%. Still, the stock is down 48% from a year ago as investors steer clear of tech stocks for most of 2022 and the threat of China-based stocks being scuttled. delisting.
The next big raise is from Futu Holdings (NASDAQ:FUTURE), another Chinese fintech, 20% increaseFollowed by
SoFi Corporation (NASDAQ:SOFI), the US fintech bank best known for helping borrowers refinance student loans, 18% increase. In related news, the Biden administration proposed regulations that would cut the cost of federal student loan payments for many low- and middle-income borrowers.
Financiero Galicia Corporation (NASDAQ:GAL), an Argentine bank, 17% increase in Week; and
Blue Owl Capital (NYSE:Owl), an asset manager, 16% increase in the week that it closed GP Capital Solutions V fund at $12.9 billion.
For the top five discounters, Virtu Financial (NASDAQ:JOB), providing market-making and securities trading services slip 5.1%;
First Financial Bancorp (NASDAQ:FFBC), a bank based in Cincinnati, Ohio, down 3.3%;
The following three insurance companies: Hartford Financial Services Insurance Company (NYSE:High) Share down 2.8% in a week in it Evercore upgraded stocks, but Goldman downgraded it;
Financial CFO (NYSE:CNO) down 2.8%; and
The Old Republic International (NYSE:ORI) slip 2.6%.
Last month, Virtu (JOB) stocks are under pressure as the SEC sets out proposed reform of retail securities trading.
