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This week's winners among financial stocks included a crypto miner, an insurer, an asset manager and two banks. On the other hand, a cryptocurrency exchange, an investment bank, a trading app and two regional banks led the biggest losers.
In general, financial stocks made gains during the week ending April 19, with the Financial Select Sector SPDR ETF (NYSERCA:XLF) adrift up to 0.8%outperforming the S&P 500 3.1% drop.
bitcoin Miner (btc-USD) CleanSpark (NASDAQ:CLSK) rose the most among all financial stocks (with a market capitalization over $2 billion), up 15.8%even when the price of bitcoin fell before the halving event;
Global life (New York Stock Exchange:GL), a life and health insurer, won 13%;
Asset manager Victory Capital Holdings (NASDAQ:VCTR), which during the week announced a partnership with Amundi, promoted up to 10.5%;
Bancfirst Corp. (NASDAQ:BANF) advanced 7.9% thanks to better-than-expected first quarter results; and
Wells Fargo (New York Stock Exchange: WFC), which during the week signed an agreement to use TradeSun's trade finance and digitization technology to streamline manual and complex processes used in the banking system, rounded out the top five winners with a 6.9% increase.
For those going down, the cryptocurrency exchange Coinbase Global (NASDAQ: CURRENCY) also the leader, falling 14.1%;
Brazilian investment bank XP (NASDAQ:XP) took second place, sliding 10%;
Robinhood Markets (NASDAQ: HOOD), a popular retail platform, lacked down 7.5%;
Peruvian lender Intercorp Financial Services (New York Stock Exchange:IFS) fell 7.3%; and
Brazilian digital bank Nu Holdings (New York Stock Exchange: NOW) lose 7.2%.
