2023-09-02 10:13:00 ET
Futu Holdings ( NASDAQ: FUTU ) scored the biggest gain this week among financial stocks, jumping 24.2% , after Bank of America double-upgraded the Hong Kong-based fintech given more stable China regulations combined with its trough valuation and prospects for overseas growth;
Taking the second slot, Goosehead Insurance ( NASDAQ: GSHD ) climbed 17.3% for the week ended September 1 on news that the insurer's stock joined the S&P SmallCap 600 ;
Bitcoin ( BTC-USD ) miner Marathon Digital Holdings ( NASDAQ: MARA ) perked up 13.7% even as bitcoin dipped 6%;
Qifu Technology ( NASDAQ: QFIN ), a Shanghai-based operator of credit-driven services, gained 12% ; and
Digital financial-services firm Ally Financial ( NYSE: ALLY ) advanced 11.7% .
For the top five biggest losers, Banco Itau Chile ( NYSE: ITCL ) took the lead, slumping 8.6% , after rising 6.9% in the prior week ;
VorVel ( NASDAQ: CRVL ), which provides worker compensation and other insurance products, fell 5.3% ;
MarketAxess Holdings ( NASDAQ: MKTX ) drifted down 2.3% for the week;
BGC Group ( NASDAQ: BGC ), a financial brokerage and tech company, slipped 1.8% ; and
Golub Capital BDC ( NASDAQ: GBDC ) rounded out the list with a 1.6% decline .
More on Financial Stocks:
- Medical Properties Trust cut to Neutral as Mizuho sees longer recovery
- Federal Reserve quietly issues warnings to regional banks - report
- U.S. regulators propose long-term debt rules for big banks
- Prospect Capital May Have Bottomed Yielding 11.86%
- Blackstone Mortgage Trust: Valuation Is Getting Risky (Downgrade)
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Futu tops financial gainers this week, while Banco Itau Chile falls the most