Futu Holdings (NASDAQ:FUTU) scored the biggest gain this week among financial stocks, jumping 24.2%, after Bank of America double-upgraded the Hong Kong-based fintech given more stable China regulations combined with its trough valuation and prospects for overseas growth;
Qifu Technology (NASDAQ:QFIN), a Shanghai-based operator of credit-driven services, gained 12%; and
Digital financial-services firm Ally Financial (NYSE:ALLY) advanced 11.7%.
VorVel (NASDAQ:CRVL), which provides worker compensation and other insurance products, fell 5.3%;
MarketAxess Holdings (NASDAQ:MKTX) drifted down 2.3% for the week;
BGC Group (NASDAQ:BGC), a financial brokerage and tech company, slipped 1.8%; and
Golub Capital BDC (NASDAQ:GBDC) rounded out the list with a 1.6% decline.