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This past week featured another flurry of earnings reports, as well as key economic data, that drove much of the gains and losses among financial stocks.
Overall, the Financial Select Sector SPDR ETF (XLF) slipped 0.2% for the week ended Nov. 1, better than the broader S&P 500's 1.4% loss. The SPDR S&P Regional Banking ETF (KRE), meanwhile, gained 1.3%.
Robinhood Markets (HOOD) was the week's worst-performing financial stock (with market cap over $2B), dropping 11.4%, after the stock and crypto trading app company's Q3 revenue and earnings fell short of Wall Street expectations;
Auto lender Credit Acceptance (CACC), which during the week posted Q3 results, slid 11.2%;
Residential mortgage insurer Essent Group (ESNT) gapped down 11.1% after turning in worse-than-expected Q3 earnings;
Crypto exchange Coinbase Global (COIN) retreated 10.8% on the back of a double-miss on Q3 results; and
The Baldwin Insurance Group (BWIN) rounded out the five largest decliners with a 9.9% dive.
For the winners, Bank of Hawaii (BOH) took the lead, jumping 9.6%, after the lender delivered stronger-than-forecast Q3 top and bottom lines;
Dun & Bradstreet Holdings (DNB), a provider of business-to-business data and analytics, accelerated 9.4% after topping Q3 revenue expectations;
Community Financial System (CBU), another regional bank, ascended 8.4%;
Financial brokerage and technology company BGC Group (BGC) climbed 8.3% after a double-beat on its Q3 results; and
LPL Financial Holdings (LPLA) perked up 7.6%, driven by Q3 profit and sales that exceeded the average analyst estimate.
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