Cryptocurrency bank Silvergate Capital (NYSE:SI) +18.2% jumped the most among financial stocks in the week ended July 8 after it got upgraded to Buy at Bank of America given prospects for "relatively stable" digital currency deposit growth. Perhaps SI's price appreciation was partly driven by a rally in bitcoin (BTC-USD) +13.1% at the time; The second-biggest financial gainer was SoFi Technologies (NASDAQ:SOFI) +17.5%, a consumer lending fintech whose shares jumped alongside its tech-driven peers; Rocket Companies (NYSE:RKT) +16.3%, another lending fintech made it to the third slot; Pet insurance provider Trupanion (TRUP) +10.2% climbed, though SA's Quant Rating warned investors in March that TRUP is at high risk of performing badly due to declining growth, and;Kazakhstan-based investment brokerage Freedom Holding (FRHC) +9.7% gained. As for the top five biggest financial losers: Consumer lending platform (NASDAQ:UPST) -14.3% fell after its disappointing second-quarter preliminary results, and hence JMP cut the stock to Market Perform from Market Outperform; China-based credit services provider 360 DigiTech (QFIN) -10.1% slid; China Life Insurance Company (LFC) -7.2% drifted down; and Both Banco de Chile (BCH) -6.8% and Banco Santander-Chile (BSAC) -6.5% slipped. Previously, (July 8) consumer credit grew less than expected in May.
