LU - Silvergate Capital leads this week's financial gainers Lufax Holdings falls
solarseven/iStock via Getty ImagesThis week's top financial gainers include asset managers like StepStone Group and Blackstone, and insurers like Goosehead Insurance and Trupanion.This week's largest losers mostly came from China-based credit servicers like Lufax Holding, 360 DigiTech, and FinVolution.The top five largest losers also yielded negative M/M returns.The top five outperformers in the financial sector (of stocks with a market cap of $2B+) for the week ended July 23, 2021:Silvergate Capital (SI) (+19.9%) gains after Q2 earnings beat;StepStone Group (STEP) (+16.3%); earlier this week SA contributor Opal Investment Research explains their bullish view on the company's proposed acquisition of Greenspring Associates;Goosehead Insurance (GSHD) (+10.2%);Trupanion (TRUP) (+9.1%) recovers from a dip earlier this month when MetLife announced its entry into pet insurance;Blackstone (BX) (+8.9%) after Q2 EPS beats with performance revenue growth fueled by private-equity, real estate gains .The five financial stocks declining the most this week includes:Lufax Holding (LU) (-15.2%);360 DigiTech (QFIN)
For further details see:
Silvergate Capital leads this week's financial gainers, Lufax Holdings falls