trending Market Intelligence /marketintelligence/en/news-insights/trending/lz9krwxplbenohevxx_p6g2 content esgSubNav
In This List

US financial indexes dipped in February along with broader market

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


US financial indexes dipped in February along with broader market

U.S. financial stocks were not immune to the February market swoon. The SNL U.S. Insurance Index and the SNL U.S. Specialty Lender Index both fell 4.4% in February, compared to a 3.7% drop in the S&P 500. Meanwhile, the SNL U.S. Investment Company Index, SNL U.S. Bank and Thrift Index and the SNL U.S. Securities & Investments Index sank 3.2%, 2.7% and 1.7%, respectively.

The SNL U.S. Financial Technology Index also failed to stay in the green, dropping 0.7%.

SNL Image

Virtu Financial Inc., a broker/dealer, led major exchange-traded U.S. financial institutions in February, posting a 56.8% return for the month. The stock's price jumped 32% on Feb. 8 after the company disclosed fourth-quarter earnings, which beat estimates. It also announced a new share repurchase program.

R1 RCM Inc., a healthcare financial technology company, posted the second-highest return of the month at 27.4%. Shares soared Feb. 26 after the company announced that it would acquire Nashville, Tenn.-based Intermedix Corp. for $460 million in a deal expected to close in the second quarter. Unisys Corp., another financial technology company, came in third with a 25.8% return for the month.

SNL Image

Specialty lender CAI International Inc.'s 28.5% drop led the industry last month, followed by Molina Healthcare Inc. and Hannon Armstrong Sustainable Infrastructure Capital Inc., which lost 20.9% and 19%, respectively.

SNL Image

SNL Image

Click here to view a template on historical total returns.

Click here to view a template that provides pricing trends and profitability ratios for financial institutions.