COOP - Mr. Cooper tops the week's financial sector gainers while KKR drops the most
This week's biggest financial gainers run the gamut of subsectors and geographies, with a mortgage servicing stock climbing the most, but China-based fintech and a Latin American neobank also notched big gains. The biggest financial decliners include a private equity stalwart, a fintech payments pioneer, a Netherlands-based insurer, and a Swiss bank that's been struggling to get past a string of scandals. Mr. Cooper (NASDAQ:COOP), +29%, rose the most of financial stocks (with market cap over $2B) for the week ended Feb. 11. On Friday, alone, the mortgage servicer rose 19% after Q4 earnings beat consensus by a wide margin, its board bolstered its stock buyback program, and the company's mortgage servicing platform will be integrated into a cloud-native core and licensed to other servicers in a deal with fintech Sagent; Shanghai-based Lufax Holding (NYSE:LU) climbed 23% for the week; Nu Holding (NYSE:NU), which operates as neobank in Mexico, Brazil, and Colombia,
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Mr. Cooper tops the week's financial sector gainers, while KKR drops the most