It was a tumultuous week for the financial sector, where the winners celebrated their ascent while the losers endured a rollercoaster ride of descending fortunes. Two fintech companies and three crypto-linked firms faced substantial declines, outweighed by the triumph of a Colombian lender, two asset managers, and two insurance giants.

Financial stocks with a market capitalization of over $2 billion rose for a holiday-shortened week that ended on January 5. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) edged up 0.7%, outperforming the S&P 500’s 1% decrease.

AI-powered loan platform Upstart Holdings (NASDAQ:UPST) fell the most of any financial stock this past week, dropping 24.7% as borrowing costs rose on the back of stronger-than-expected jobs data. SoFi Technologies (NASDAQ:SOFI) saw a retreat of 20%, following a downgrade to Underperform at KBW, due to its premium valuation. Crypto exchange Coinbase Global (NASDAQ:COIN) slid 17.4%, despite the ascent of bitcoin (BTC-USD). Bitcoin miners Riot Platforms (NASDAQ:RIOT) and Marathon Digital Holdings (NASDAQ:MARA) rounded out the five biggest decliners, falling 15.7% and 14.2% respectively.

On the winning side, Bancolombia S.A. (NYSE:CIB) took the lead for the week, jumping 10.7%. Lazard (NYSE:LAZ) climbed 8.5% after an upgrade at Citi. Insurance giant Allstate (NYSE:ALL) gained 7.3% after receiving an Overweight rating from Morgan Stanley, based on the expectation of a more favorable market backdrop. Kinsale Capital Group (NYSE:KNSL), another insurer, perked up 7%. Corebridge Financial (NYSE:CRBG) accelerated by 6.7%.