• Digital World Acquisition(NASDAQ:DWAC), the SPAC that's taking Donald Trump's social media platform public, tops the financial stocks that rose the most this week.
• DWACsurges 31%during the week, with the launch of Trump's Truth Socialmore than a month away.
• Itaú Corpbanca(NYSE:ITCB), a bank operating in Chile and Columbia, rises 16%for the week;
• Peru-based Intercorp Financial(NYSE:IFS)gains 14%;
• Encore Capital Group(NASDAQ:ECPG)rose 13%; and
• Woori Financial(NYSE:WF)advances 12%for the week.
• Among financial stocks on the decline this week, Nu Holdings(NYSE:NU), the neobank operating as NuBank, falls 13%, continuing the narrative of volatile fintech stocks.
• Goosehead Insurance(NASDAQ:GSHD)drops 11%, marking its second straight week among the largest financial stock decliners;
• Grab Holdings(NASDAQ:GRAB), the Singapore-based super app and fintech platform, slid 11%for the week; the company started trading publicly in early December after merging with SPACAltimeter Growth.
• Live OakBancshares(NASDAQ:LOB)drops 10%; and
• Hagerty(NYSE:HGTY), the insurer of classic and enthusiast vehicles,falls 10%.
• JPMorgan Chase(NYSE:JPM), 15th place on the decliners list, dropped 5.5%for the week, but 6.2% on Friday after its higher-than-expected expense guidance rattled investors.