First Republic tops losers for the week, while Washington Fed climbs: Financial Report

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First Republic Bank (New York Stock Exchange: FRC) were the top five losers among financial stocks (market capitalization exceeded $2 billion), declining 17.8% In the week ending October 14, after third-quarter earnings showed better-than-expected net interest margins got injured Through higher financing costs.

All five losers lost their gains in the month, and half, year-to-date.

XP (Nasdaq: XP), a Brazilian investment bank, took second place, declining 16.7%;

Lofax Holdings (New York Stock Exchange: LU), Chinese consumer financial services platform, fell 12.1%;

Payments giant PayPal (Nasdaq: PYPL), -10.8%, sank after it was said to have rolled back a policy that would have fined users $2,500 for posting misleading information; And the

Credit Suisse (New York Stock Exchange: CS) slither 9.5% Amidst a number of negative triggers, including being subject to a tax investigation from the Ministry of Justice and reports of discussions with underwriters while it looked at raising capital.

For the top five financial winners:

Washington Federal Regional Bank (Nasdaq: delegationThe dog was the best at jumping 12.3% During the week, after a surge in net interest income in the fourth quarter of the fiscal year;

cocky (Nasdaq: UPST), which provides an AI-driven lending platform for banks 9.9%;

Deutsche Bank (Germany)New York Stock Exchange: DB), + 8.5%acquired after raising its credit rating at Moody’s;

Chilean lender Itaú Corpbanca (New York Stock Exchange: ITCB) Has risen 8.4%; And the

Renaissance Re Holding (New York Stock Exchange: RNR) advanced 7.7%.

Earlier in the week, the CPI for September rose more than expected. Core CPI rose to its highest level in 40 years.

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Originally published at San Jose News Bulletin