Fintech, cryptocurrency exchange and a regional bank lead the Financial stocks

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Fintech, cryptocurrency exchange and a regional bank lead the Financial stocks

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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