In the financial stocks making the biggest moves this week, some of the usual volatile names figured prominently in the list climbers, while the biggest losers were mostly small mid-cap banks that recently reported Q4 earnings.
Overall, financial stocks fared well. The Financial Select Sector SPDR ETF ( XLF ) rose 2.5% the week ended Jan. 27, the same increase logged by the broader S&P 500 Index ( SP500 ).
The financial stock that rose the most was Chinese fintech stock Lufax Holding ( NYSE: LU ), climbing 21% ; followed by
Subprime auto lender Credit Acceptance ( NASDAQ: CACC ), +16% ; CACC is scheduled to report Q4 results after the closing bell on Tuesday, Jan. 31.
Axos Financial ( NYSE: AX ), +15% , turned in stronger-than-expected fiscal Q2 results on Thursday helped by net interest margin expansion and loan growth.
Another familiar name in the financial movers list, Brazilian digital bank Nu Holdings ( NYSE: NU ), known as NuBank, drove up 15% for the week.
American Express ( NYSE: AXP ) gained 14% for the week as its strong 2023 guidance and planned dividend increase , posted on Friday, helped to outshine the credit card company's weaker-than-expected Q4 results.
On the downside, Montana-based First Interstate BancSystem ( NASDAQ: FIBK ) fell 11% , the most of any financial stock with market cap over $2B, after its Q4 earnings and revenue trailed the consensus estimate.
Boston-based Eastern Bankshares ( NASDAQ: EBC ) dropped 9.3% as higher interest expense hit its earnings and outlook .
Dewitt, New York-based Community Bank System ( NYSE: CBU ) fell 8.3% as its Q4 non-GAAP EPS exceeded the average analyst estimate, but its revenue fell short of expectations.
New Jersey-based Columbia Financial ( NASDAQ: CLBK ) slid 8.0% even after Q4 GAAP EPS and revenue both exceeded consensus estimates.
Rounding out the five biggest decliners, BRP Group ( NASDAQ: BRP ), which sells insurance products and services, dropped 7.5% .
On Friday, Origin Bancorp ( OBNK ) saw its stock fall as much as 7% after Piper Sandler downgraded the stock to Neutral.
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Lufax leads financial winners for the week, and First Interstate Bank falls most