Two of the five biggest decliners in financial stocks featured regional lenders, while four of the top five winners were non-U.S.-based companies.
Cryptocurrency bank Silvergate Capital ( NYSE: SI ), down 15.4% , was the biggest loser among financial stocks with market cap over $2B the week ended September 16, as bitcoin ( BTC-USD ) slid 8.7% to $19.73K as of Friday evening after CPI data for August came in hotter-than-expected;
Regional lender SVB Financial ( NASDAQ: SIVB ) took the second slot, falling 14.3% in the past week, after Oppenheimer downgraded the Silicon Valley lender to Perform on softer Q3 guidance ;
Pet insurance provider Trupanion ( NASDAQ: TRUP ) dipped 12.4% ;
Hagerty ( NYSE: HGTY ), a property and casualty insurer, turned lower by 12.1% ; and
Hong Kong-based online brokager and wealth management platform Futu ( NASDAQ: FUTU ) -11.7% drifted down.
On the positive front, Netherlands-based financial firm ING Group ( NYSE: ING ) climbed 6.9% ;
Bermuda's RenaissanceRe ( NYSE: RNR ) gained 5.8% ;
Enstar Group ( NASDAQ: ESGR ), another Bermuda-based reinsurer, advanced 4% ;
Spanish bank Banco Santander ( NYSE: SAN ) rose 3.5% ; and
First Interstate BancSystem ( NASDAQ: FIBK ) edged up 3.1% .
In the week ended September 9, Argentine lenders took the lead in week's financial winners, while Chinese fintechs dipped .
For further details see:
Crypto bank Silvergate tops financial losers in week's trading, ING Group climbs the most