|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
This Week's Financial Stock Winners and Losers: RYAN, BFH, IBN, PRI, NU; RIOT, COIN, SOFI, GGAL, BMA
Jun 22, 2024 at 10:22 pm
This week's winners among financial stocks were led by two insurers, one credit-card issuer, one Indian bank and one Brazilian digital bank.
Among financial stocks, two insurers, one credit-card issuer, one Indian bank and one Brazilian digital bank led the gainers this past week, while two crypto-linked companies, one fintech-focused lender and two Argentine lenders fell the most.
In all, financial stocks (with market cap over $2B) finished the past five trading sessions through June 21 in the green, with the Financial Select Sector SPDR ETF (NYSEARCA:XLF) gaining 1.4%, trouncing the S&P 500's 0.6% gain.
Here's a glance at the biggest movers for the week:
On the upside, insurance broker Ryan Specialty Holdings (NYSE:RYAN) rose the most of any financial stock this past week, jumping about 13%, on news the stock will join the S&P MidCap 400.
Among other insurance movers, Primerica (NYSE:PRI) gapped up 5.8%.
On the banking side, ICICI Bank (NYSE:IBN) gained 6.4%, while Bread Financial Holdings (NYSE:BFH) ascended 9.2%, after Evercore upgraded the credit card company following its investor day.
Brazilian digital bank Nu Holdings (NYSE:NU), the parent of Latin American neobank NuBank, rounded out the five biggest gainers with a 5.4% increase.
For the losers, bitcoin (BTC-USD) miner Riot Platforms (NASDAQ:RIOT) slumped 13% as the price of bitcoin extended its gradual decline.
Crypto exchange Coinbase Global (NASDAQ:COIN) shed 8.8%.
Fintech lender SoFi Technologies (NASDAQ:SOFI) slumped 7.1% after the Qatar Investment Authority disclosed that it disposed of its entire stake in the company.
Among other banking movers, Argentine banks Grupo Financiero Galicia (NASDAQ:GGAL) and Banco Macro (NYSE:BMA) slid 7% and 6.1%, respectively.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- One Whale Risked Over $2 Million on New Meme Coins Peanut the Squirrel ($PNUT) and First Convicted Raccoon ($FRED) Last Week, But It Paid Off in Dividends
- Nov 14, 2024 at 02:40 pm
- The trader has made millions in unrealized profits. But now, investors are searching for the next millionaire-making meme coin – and it might be Pepe Unchained ($PEPU).
-
- Faruqi & Faruqi, LLP Investigating Potential Claims Against Zeta Global Holdings Corp. Following Release of Culper Research Report
- Nov 14, 2024 at 01:55 pm
- NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zeta Global Holdings Corp. (“Zeta” or the “Company”) (NYSE: ZETA).