First Citizens Bancshares tops week's financial gainers, while PayPal falls the most
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This week's losers among financial stocks were led by a regional lender whose Q1 results reflected the benefits of its acquisition of Silicon Valley Bank, while the biggest loser featured a payment tech behemoth that delivered disappointing guidance. 
Overall, financial stocks took another beating for the week ended May 12, with the Financial Select Sector SPDR ETF (XLF) sliding 2.1%. Amid deposit fears, the magnitude of the SPDR S&P Regional Banking ETF (KRE) was far greater than XLF, dropping 6.4%. 
First Citizens BancShares (NASDAQ:FCNCA) logged the biggest gain by a wide margin, surging 23.2%, after the North Carolina-based regional bank, which acquired Silicon Valley Bank after collapsing in March, reported Q1 results and showed its deposits increased even when excluding SVB deposits;
Banco Santander (Brasil) S.A. (NYSE:BSBR) came in at a distant second, climbing 8.1%;
Private market investment firm Patria Investments (NASDAQ:PAX) spiked 7.1%;
Genworth Financial (NYSE:GNW), a life and health insurer, advanced 6.6%; and 
Nu Holdings (NYSE:NU), known as NuBank, rounded out the five biggest winners, rising 6.4%.
On the other side of the fence, PayPal (NASDAQ:PYPL) plummeted 17.7% after the payments giant posted stronger-than-expected Q1 earnings, but soft Q2 guidance. That drove a number of sell-side analysts to downgrade the stock, including those at BNP Paribas Exane and Credit Suisse. 
Jackson Financial (NYSE:JXN) dived 16.4% after the financial services firm fell short on Q1 earnings and revenue estimates, in part driven by outsized net losses on derivatives and investments; 
UWM Holdings (NYSE:UWMC) sank 15.6% after the wholesale mortgage company's revenue took a hit from a decline in the fair value of its mortgage servicing rights;
Valley National Bancorp (NASDAQ:VLY), caught up in the regional bank turmoil, tanked 13.3%; and
Comercia (NYSE:CMA), another regional bank that fell victim to the tumult in the sector, dipped retreated 12.3%.
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