Bank of the First Republic (NYSE:FRC) were the five biggest losers among financial stocks (with a market capitalization in excess of $2 billion), falling 17.8% for the week ending October 14, after better-than-expected Q3 earnings showed net profit margin injured due to increased funding costs.
All 5 discount codes lost points in the last half month, YTD and the whole year.
XP (NASDAQ:XP), a Brazilian investment bank, takes second place, withdraws 16.7%;
Lufax Holding (NYSE:LU), a Chinese consumer financial services platform, embedded 12.1%;
Swiss lender Credit Suisse (NYSE:CS) to slide 9.5% among several negative catalysts, including DOJ . Tax Survey and reportedly hold discussions with underwriters because it contemplating raising capital.
For the top five biggest financial winners:
Start (NASDAQ:UPDATE), which provides an AI-based lending platform for banks, has increased 9.9%;
Chilean lender Itaú Corpbanca (NYSE:ITCB) Rose 8.4%; and
RenaissanceRe Holdings (NYSE:RNR) Advanced 7.7%.
At the beginning of the week, September CPI increased more than expected; Core CPI pushed to 40-year high.