New York Post

Nobodies became somebodies in ’16

- By KEVIN DUGAN

Eat your heart out, Lloyd Blankfein. While much has been written about Wall Street’s comeback this year — like Goldman Sachs’ 37 percent stock price run-up through Friday — the real winners in the financial sector are companies that nobody’s ever heard of.

Like China Commercial Credit — an $18 million micro-cap lender located outside Shanghai that has surged 240 percent in 2016 through Friday.

The company, which 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, a $258 million company, is also among the financial sector’s biggest gainers in 2016, according to data from SNL Financial.

The Tampa, Fla., company describes itself as a “developer, distributo­r and virtual administra­tor of affordable, cloud-based individual health and family insurance plans,” according to company filings.

The company was down or flat for most of the year — until Nov. 8, and has since skyrockete­d 161.2 percent, to $17.50.

Rounding out the five top gainers are Summit Financial Group, a West Virginia bank, which has risen 135 percent; Connecticu­t money manager Fifth Street Asset Management, which rose 128 percent; and Meta Financial Group, a South Dakota bank holding company, up 124.8 percent.

While Goldman’s rise looks paltry, Blankfein’s bank is worth more than $95 billion, and the CEO has seen his stake balloon to nearly $600 million this year.

While investors may be hunting for the next sure thing, bargain hunters might want to look elsewhere for gains.

“Question is: now that fast money has run in, who can investors trust to sort through some of those that may be still bargains … and some of them that are not …” one investor told The Post.

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