This Week\'s Financial Stock Winners and Losers: RYAN, BFH, IBN, PRI, NU; RIOT, COIN, SOFI, GGAL, BMA-web3.0-php.cn

This Week\'s Financial Stock Winners and Losers: RYAN, BFH, IBN, PRI, NU; RIOT, COIN, SOFI, GGAL, BMA

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Jun 23, 2024 am 07:29 AM

This week's winners among financial stocks were led by two insurers, one credit-card issuer, one Indian bank and one Brazilian digital bank.

This Week's Financial Stock Winners and Losers: RYAN, BFH, IBN, PRI, NU; RIOT, COIN, SOFI, GGAL, BMA

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.

News source：https://www.kdj.com/cryptocurrencies-news/articles/week-financial-stock-winners-losers-ryan-bfh-ibn-pri-nu-riot-coin-sofi-ggal-bma.html

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