Insurers top financial gain in week trading, Carlyle, XP lose the most (NASDAQ:UPST)

silhouettes of bulls and bears on technical financial charts


Three of the biggest gainers in financial stocks were insurance companies, and a fourth, an undervalued financial company, rallied after better-than-expected July inflation data. July CPI report also showed an increase in insurance prices in month.

Lemonade (NYSE:LMND) To share 33% increase in the week after the AI-driven insurance company announced a smaller-than-expected Q2 loss and map out the path to profitability;

Jackson Financial (NYSE:JXN), the financial stock with the next biggest weekly gain (+20%), even after Adjusted Q2 operating EPS of $2.52, which includes the $238 million negative impact of notable items, down from $6.74 in the prior year quarter. Company, has separated from Prudential plc (PUK) in 2021, returning $116 million to shareholders during the quarter;

Goose head insurance (NASDAQ:GSHD) saw its stock 19% increase;

Upstart Holdings (NASDAQ:UPDATE), using AI to help banks make lending decisions, Q2 results were weaker than expected, but its stock 17% increase during the week with the help of a Inflation reports and bets that the Fed will become less aggressive in raising interest rates. Note that at the beginning of the year, the stock is still down 77%; and

American stock investment life (AEL) 17% increase in the week after posting Q2 earnings were higher than expected.

As for financial stocks that fell the most, three were fintechs based outside XP Inc. based in the United States (XP) down 17% next week Affected Q2 profit by investments and JPMorgan downgrade stock to Neutral;

Carlyle Group (CG) down 7.3% during the week when private equity suddenly announced that CEO Kewsong Lee will be leavingafter almost five years as its chief executive officer;

Lufax Holding is headquartered in Shanghai (LU) down 6.1%;

Brazilian fintech company Nu Holding (NYSE:NUTS), called Nu Bank, fell 5.4%; and

Seacoast Banking Corp. of Florida (SBCF) down 4.1% after agrees to acquire Professional Bank of Florida in a transaction worth $488.6 million.

SA contributor Bert Hochfeld noticed short-term pain at Upstart (UPDATE) valuable long-term potential for its model

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