Top Financial Stocks at 52-Week Highs

August 28, 2024 12:00 PM CEST | By Team Kalkine Media
 Top Financial Stocks at 52-Week Highs
Image source: Shutterstock

Headlines

  • Financial Stocks Surging to New Highs
  • Uncover Promising Financial Picks
  • Key Players in the Financial Sector

Discover top financial stocks that have recently hit 52-week highs, showcasing robust performance and growth potential. This week, we spotlight three financial firms with impressive records and promising futures.

In recent trading, 146 stocks achieved 52-week highs, with 64 hitting new lows. The NYSE led with 88 highs versus 14 lows, while Nasdaq recorded 58 highs and 46 lows. This divergence could reflect a shift away from technology stocks.

The Stocktwits newsletter offers insight into potential opportunities: stocks with strong performance and low Stocktwits followings often see significant growth as they gain attention.

Among the 52-week highs, over 30 financial stocks stood out, with followings ranging from just five to nearly 90,000.

Orix Corporation (OTC:ORXCF) reached its 37th 52-week high. This Japanese financial conglomerate, with 91 Stocktwits followers, has seen its shares double since May 2020, reflecting strong performance across its diverse segments. Its Q2 2024 results showed a 5% revenue increase and a 38% rise in net income.

Inter & Co also reached a 52-week high with 148 Stocktwits followers. This Latin American financial firm has seen remarkable growth, with a 10.7% increase in its loan portfolio and a 372.8% boost in profit from the previous year. Its active client base grew by 72% over the past two years.

Brookfield Corporation hit its 40th 52-week high. Under CEO Bruce Flatt, Brookfield has seen a staggering 2,500% increase in stock value since he became CEO. The company's investment strategy focuses on acquiring high-quality assets, enhancing their value, and ensuring sustainable cash flows.


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