The last week's winners among financial stocks were led by three fintech companies, a cryptocurrency exchange and a regional bank. The five biggest losers,meanwhile, included a Chinese-based fintech, two Japanese lenders, a Chilean lender and a reinsurer.
In the week ended Sept. 29, financial stocks were experiencing a significant decline, with the Financial Select Sector SPDR Fund ETF down 1.7%, outpacing the S&P 500's 1.1% drop.
Upstart, which offers a loan platform for banks, did notched the biggest gains in the sector, climbing 7.5% as Needham started coverage of the stock.
SoFi Technologies, a renowned provider of refinancing student debt, surged by 6% in the first half of the year.
Cryptocurrency exchange Coinbase Global rose by 5.8% as bitcoin closed the week with a 2.7% ascent.
ServisFirst Bancshares rounded out the five biggest winners with a 5.5% increase.
Lufax Holding, the Chinese personal financial services platform, fell 7% for the winners.
Two Japanese banks, Nomura Holdings and Mizuho Financial Group, slid by 6% and 6 percent, respectively.
Banco Itau Chile took the fourth slot, dipping 5.9 percent, and surpassed expectations for the best performance in the league.
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