Santander, Berkshire Hathaway lead financials higher as S&P 500 hits record

EarningsM&A · Partnership
โดย Seeking Alpha·US·Read original
Summary · why it matters

Wall Street finished the week higher, with the benchmark S&P 500 hitting fresh all-time highs, and the State Street Financial Select Sector SPDR ETF (XLF) added 1.16% from the previous week to close at $57.60. Among megacap stocks, Banco Santander led the winners, adding 4.26% to $14.70 after receiving Federal Reserve approval for its acquisition of Webster Financial. Berkshire Hathaway gained ahead of its second-quarter earnings release, while HSBC Holdings led the decliners, pulling back 2.53% to $103.73 despite reporting strong first-half results and updating its full-year guidance to include a roughly $2 billion savings target from reorganization. In the large-cap gainers, Blue Owl Capital advanced 15.24% after closing its European net lease fund with €1.6 billion in capital commitments, exceeding its original target, and Pershing Square added 13.82% ahead of its quarterly earnings. On the losing side, Hut 8 retreated 17.69% after missing revenue estimates, while mid-cap UWM Holdings dropped 29.67% and Sezzle fell 23.74% even after boosting its full-year guidance.

Impact on stocks 19

Financials± Mixed · 10 stocks
HSBC Holdings PLC
HSBA
▼ NegativeCapitalrelevance

Despite strong first-half results and guidance, HSBC's stock declined 2.53%.

Digital Finance & Tokenization± Mixed · 8 stocks
Banco Santander S.A.
BNC
▲ PositiveRegulationrelevance

Santander received Federal Reserve approval for its acquisition of Webster Financial, driving its stock up.

Sezzle Inc.
SEZL
▼ NegativeCapitalrelevance

Fell despite boosting full-year guidance.

Energy Transition & Power Demand▲ · 1 stocks
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