OWL - W. R. Berkley leads weeks' financial gainers; China fintechs drop the most
Property and casualty insurer W. R. Berkley (NYSE:WRB) +57% finished the week as the largest percentage gainer within the financial sector (with a market cap of $2B+). Cryptocurrency lender Silvergate Capital (NYSE:SI) +16.6% jumped as bitcoin (BTC-USD) gained slightly by 1% in the week ended March 11; Asset manager Janus Henderson (NYSE:JHG) +7% gained after Trian Fund raised its active stake in the company to 17.6% from 16.9%; Another asset manager, Blue Owl Capital (NYSE:OWL) +6.8% rose and; Brazil-based regional bank Banco Santander (NYSE:BSBR) (NYSE:SAN) +5.8% climbed. The top five financial stocks that fell the most this past week includes: Hong Kong-based fintech platform Futu (NASDAQ:FUTU) -23% dropped after the U.S. Securities and Exchange Commission hinted at delisting some Chinese stocks; Lending platform Upstart (NASDAQ:UPST) -22% fell even after launching a new mobile auto retail online platform; China-based digital consumer finance platform 360 DigiTech (NASDAQ:QFIN) -21% dipped despite its forecast of higher loan facilitation and origination volume in 2022; Mortgage financer Rocket Companies (NYSE:RKT) -16.4% drifted
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W. R. Berkley leads weeks' financial gainers; China fintechs drop the most