Financials stocks were swept up in a volatile week for risk assets as investors digested a fresh batch of U.S. corporate earnings.
Falling the most of any financial stock (with a market cap over $2B), digital assets and AI infrastructure firm Galaxy Digital (GLXY) plunged 30% in the five sessions ended Feb. 6 after posting a wider-than-expected loss for Q4 2025;
From there, blockchain-based lending platform Figure Technology Solutions (FIGR) tumbled 27%;
PayPal Holdings (PYPL) cratered 23% on the back of a disappointing quarterly update;
IREN (IREN), which earlier in the week recorded a fiscal Q2 loss, dropped 22%; and
FactSet Research Systems (FDS) rounded out the five biggest financial losers, retreating 19%, amid a broader selloff across enterprise software stocks.
Conversely, Shinhan Financial Group (SHG) climbed 12% after turning in full-year results;
Fellow South Korean bank Woori Financial Group (WF), which also delivered fresh numbers, gained 11.6%;
U.S. regional lender Beacon Financial (BBT) gapped up 11.4%;
Japan’s Mizuho Financial Group (MFG) +11.4%; and
South Korea’s KB Financial Group (KB) +11.3%.