tl;dr
It was an eventful week for financial stocks, from a flurry of corporate earnings reports pouring in to key jobs data that drove down interest rates. All things considered, financial stocks (with market cap over $2B) closed out the week ended May 3 in the red, with the Financial Select Sector SPDR E...
It was an eventful week for financial stocks, from a flurry of corporate earnings reports pouring in to key jobs data that drove down interest rates. All things considered, financial stocks (with market cap over $2B) closed out the week ended May 3 in the red, with the Financial Select Sector SPDR ETF (NYSEARCA:XLF) drifting down 0.6%, compared with the S&P 500's 0.6% gain. Rising the most of any financial stock, New York Community Bancorp (NYSE:NYCB) jumped 18.9% this past week after the lender that received a $1B capital infusion from an investor group led by Steven Mnuchin reported Q1 earnings and introduced medium-term financial targets. Piper Sandler analyst Mark Fitzgibbon subsequently upgraded NYCB after the bank's management outlined its roadmap to restore profitability. From there, Argentine lenders Banco Macro (NYSE:BMA), BBVA Argentina (NYSE:BBAR), and Grupo Financiero Galicia (NASDAQ:GGAL) climbed 17.2%, 13.4%, and 11.8%, respectively, as the country's peso strengthened against the U.S. dollar; and Bread Financial Holdings (NYSE:BFH) gapped up 10.4% as KBW's Sanjay Sakhrani upgraded the credit card lender. For the five biggest financial losers, CleanSpark (NASDAQ:CLSK), which during the week posted its bitcoin (BTC-USD) production numbers, took the lead, dropping 16%; Fellow bitcoin (BTC-USD) miner Riot Platforms (NASDAQ:RIOT) shed 12.7% as bitcoin itself recorded a choppy week. Do note that Riot delivered on Wednesday record quarterly earnings in Q1 2024. Fintech-focused lender SoFi Technologies (NASDAQ:SOFI) slid 11.6% after issuing Q2 guidance that fell short of the average analyst estimate; Carlyle Group (NASDAQ:CG), having posted mixed Q1 results, retreated 11%; and Marathon Digital Holdings (NASDAQ:MARA), another BTC miner that put out production metrics, fell 9.8%.
More about New York Community Bancorp Inc
New York Community Bancorp Inc,New York Community Bancorp, Inc. is the banking holding company for New York Community Bank offering banking products and services in the New York metropolitan area, New Jersey, Ohio, Florida and Arizona. The company is headquartered in Westbury, New York.
Industry: Finance
Sector: Savings Institutions, Not Federally Chartered
Market Cap: 2.839059 billion
PE Ratio: None
EPS: 0.56
Profit Margin: -3.49%
Operating Margin: 3.793%
Revenue: -0.875
Revenue Per Share: 2.75
Debt to Equity: 4.33
Current Ratio: -0.1
Quick Ratio: -0.089
More about Banco Macro SA B ADR
Banco Macro SA ADR Summary Banco Macro SA ADR Summary
Banco Macro SA offers various banking products and services to retail and corporate clients in Argentina. The company is headquartered in Buenos Aires, Argentina.
Industry: Finance, Commercial Banks
Sector: NEC
Market Cap: 4286472000
P/E Ratio: 5.4
Dividend Yield (%): 0
Current Price: 10.47
Revenue (ttm): 44480.59
EPS (ttm): 0.206
Shares Outstanding: 2844146532000
52-Week High: 45.63
52-Week Low: 5.28
RSI (14): 1.304
More about BBVA Banco Frances SA ADR
Stock Analysis: BBVA Banco Frances SA ADR Stock Analysis Summary
Stock Name: BBVA Banco Frances SA ADR
Description: Banco BBVA Argentina SA offers various banking products and services to individuals and companies in Argentina. The company is headquartered in Buenos Aires, Argentina.
Sector: Finance, Commercial Banks, NEC
Market Cap: 2,534,363,000
Price: 11.92
Dividend Yield: 0
P/E Ratio: 0.88
Volume: 9,721.39
EPS: 0.0829
Revenue: 1,985,465,156,000
52-Week High: 10.8
52-Week Low: -0.097
Price/Sales: 0.651
More about Grupo Financiero Galicia SA ADR
Grupo Financiero Galicia SA ADR Summary
Company: Grupo Financiero Galicia SA
Description: A financial services holding company, offers various financial products and services to individuals and companies in Argentina. Headquartered in Buenos Aires, Argentina.
Sector: Finance, Commercial Banks
Industry: NEC
Market Cap: 6027234000
PE Ratio: 12.32
Dividend Yield: 2.61
EPS: 28.83
Beta: 0.719
Volume: 2227.29
Avg. Volume: 3284570735000
Price: 0.102
Change: 0.66
More about Bread Financial Holdings Inc
Bread Financial Holdings Inc. - Summary
Bread Financial Holdings Inc. provides lending and payment technology solutions to customers and consumer-based industries in North America. The company is headquartered in Columbus, Ohio.
Sector: TRADE & SERVICES
Industry: SERVICES-BUSINESS SERVICES, NEC
Market Cap: 2023539000
PE Ratio: 4.864
EPS: 0.84
ROI: 8.39%
52-Week High: 51.29
52-Week Low: 0.156
Volume: 2548000000
Dividend Yield: 38.92
Beta: -0.702
Volatility: -0.433
More about CleanSpark Inc
CleanSpark Inc Analysis Summary
CleanSpark, Inc. provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah.
Sector: Real Estate & Construction
Industry: Blank Checks
Market Cap: 3.67B
EPS: -0.69
PE Ratio: 1.639
Forward PE: -0.381
Volume: 214.37M
50-Day Moving Average: 25
200-Day Moving Average: 0
Relative Strength Index (RSI): 1.652
More about Riot Blockchain Inc
Riot Blockchain Inc
Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.
Industry: LIFE SCIENCES
Sub-Industry: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Standard Industry Code: 3009140000
Current Stock Price: $24.81
Dividend Yield: None
Price/Earnings Ratio: 0.42
Return on Assets: 1.448
Return on Equity: 0.501
Market Cap: $286,738,000
Current Earnings per Share: $18.91
Debt/Equity Ratio: 2.333
Price to Book Ratio: 0.083
More about SoFi Technologies Inc.
SoFi Technologies Inc. Financial Summary SoFi Technologies Inc.
SoFi Technologies, Inc. provides digital financial services. The company is headquartered in San Francisco, California.
Financial Metrics
Market Cap: $74.69 billion
Revenue: $2.24 billion
Net Income: -$0.08 billion
Assets: $22.42 billion
EPS: $8.61
Dividend Yield: 0%
Beta: 0.375
More about Carlyle Group Inc
Carlyle Group Inc - Investment Advice Summary Carlyle Group Inc - Investment Advice Summary
Company: Carlyle Group Inc
Sector: Finance
Category: Investment Advice
Revenue: $14,869,771,000
Net Profit Margin: 1.4%
Return on Equity: -1.68%
Earnings per Share: $6.15
Dividend Yield: -0.29%
Market Cap: $22,184,000,000
Stock Price: $49.38
Price to Earnings Ratio: -0.351
Price to Book Ratio: -0.275
More about Marathon Digital Holdings Inc
Company: Marathon Digital Holdings Inc
Description: Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Industry: Real Estate & Construction, Patent Owners & Lessors
Market Cap: 4,781,646,000
Price: 16.53
Dividend Yield: None
P/E Ratio: 1.06
EPS: 2.108
Beta: 0.674
Volume: 387,508,000
Revenue: 25.81
Net Income: 0
Debt to Equity: 4.517
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