Colombian banks lead Wall Street higher this week

Colombian banks lead Wall Street higher this week

Colombian banks accounted for two of five biggest gainers this week, while two of the five biggest decliners featured U.S. regional banks.

Financial stocks rose for the week ended Sept. 15, with the Financial Select Sector SPDR ETF notching a 1.6% climb, outpacing the S&P 500's 0.2% slip.

Grupo Aval led with a 10.7 percent gain, followed by fellow Colombian lender Bancolombia's 9% swing.

The third-place operator, FirstCash Holdings, has surged 8.8% in the past three days.

Nu Holdings, the parent of Latin American neobank NuBank, rose 8.1% after J.P. Morgan upgraded the stock to Overweight.

PNC Financial Services Group rounded out the winners with a rise of 8.1%.

mortgage lender Rocket Companies topped the list of the losers, falling 8.2 percent.

Virtu Financial, which was sued by the SEC during the week, dipped to 6.9 percent.

Burford Capital, a provider of legal financing, retreated six percent after turning in a Q2 loss that widened from the previous quarter of the year-ago quarter.