NYCB, Qifu rise the most among financial stocks: weekly roundup

Financial stocks (NYSEARCA:XLF) ended the past week on a robust footing, climbing 3.2%, as Wall Street’s major equity averages delivered the strongest weekly gains so far this year, aided by economic data that eased recession fears.

Rising the most of any financial stock (with market cap over $2B), Qifu Technology (NASDAQ:QFIN) surged 20.4% for the week ended Aug. 16 after the Chinese credit-tech platform turned in Q2 results and issued guidance for Q3;

Regional lender New York Community Bancorp (NYSE:NYCB) jumped 18.1%;

Hamilton Insurance Group (NYSE:HG) gapped up 15.6%;

Japanese financial firm Nomura Holdings (NYSE:NMR) accelerated 14.5%; and

Nu Holdings (NYSE:NU) gained 13.6% after the Brazilian digital bank known as Nubank posted Q2 earnings and revenue that climbed above consensus estimates as it boosted sales while also focusing on operating efficiency.

For the losers, bitcoin (BTC-USD) miner Marathon Digital Holdings (NASDAQ:MARA), which during the week priced $250M of senior convertible notes, dipped 4.6% as the price of bitcoin slipped on the week;

Kazakhstan-based investment bank Freedom Holding (NASDAQ:FRHC) drifted down 3.4%;

Axos Financial (NYSE:AX), a regional bank, edged lower by 1.4%;

India’s HDFC Bank (NYSE:HDB) inched down 1%; and

Ryan Specialty Holdings (NYSE:RYAN) rounded out the five biggest losers with a 0.9% loss.