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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Biggest Wall Street Winners You’ve Never Heard Of
[Photo: Great China Wall, by CEphoto, Uwe Aranas]
While much has been written about Wall Street’s comeback this year - like Goldman Sachs’ 37% stock price run-up through Friday - the real winners in the financial sector are companies that nobody’s ever heard of.
CHINA COMMERCIAL CREDIT - an $18Mn micro-cap lender located outside Shanghai, that has surged 240% in 2016 through Friday. It trades on Nasdaq’s pink sheets, makes small loans to businesses and farmers in its region - far from the big-money wheeling and dealing on Wall Street.
HEALTH INSURANCE INNOVATIONS - $258Mn Tampa-based company, describes itself as a “developer, distributor and virtual administrator of affordable, cloud-based individual health and family insurance plans.” After being down or flat for most of the year, it has since skyrocketed 161% to $17.50.
ROUNDING OUT THE FIVE TOP GAINERS - Summit Financial Group, a WV bank, which has risen 135%; Fifth Street Asset Management, a CT money manager, which rose 128%; and Meta Financial Group, SD bank holding company, up 125%.
