Goldman Sachs Terminates Coverage on SVB Financial Group (SIVB)

Stifel Lays Out Biotech Names Exposure to SVB Financial Group (SIVB)

March 10, 2023 1:12 PM UTC

Stifel analyst Dae Gon Ha comments "Repercussions of the SVB fallout is dominating headlines and naturally, the majority of our covered companies being unprofitable, pre-commercial companies, stocks under our coverage universe are down sharply today. We have reached out to the respective management teams and are reassured that the impact could be, at least for now, less catastrophic. Of course,... More

S&P 500 is 'losing key support', should see 3775 soon, strategist warns

March 10, 2023 12:12 PM UTC

U.S. equities are trading lower today as traders continue to focus on the meltdown in SVB Financial Group (NASDAQ: SIVB).

The bank was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance... More

SVB Financial Group (SIVB) shut down by regulators

March 10, 2023 12:08 PM UTC

(Updated - March 10, 2023 12:51 PM EST)

In the latest update regarding the rapidly moving SVB Financial Group (NASDAQ: SIVB) saga, the Federal Deposit Insurance Corporation (FDIC) said Friday that SVB has been shut down by the California Department of Financial Protection and Innovation.

The regulator, which appointed the Federal Deposit Insurance Corporation as receiver, revealed that the FDIC created the Deposit Insurance National... More

Silicon Valley Bank shut by California regulator

March 10, 2023 11:57 AM UTC

(Reuters) -A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency's statement.

Shares of the bank were halted on Friday, after they tumbled 66% in premarket trading.

Silicon Valley Bank is the first FDIC-insured... More

Bank stocks weaken again as FDIC moves in to close SVB

March 10, 2023 11:55 AM UTC

Bank stocks weaken again as FDIC moves in to close SVB (NASDAQ: SIVB)

First Republic Bank (NYSE: FRC) -18%Pacwest Bancorp (NASDAQ: PACW) -22%Signature Bank (NASDAQ: SBNY) -12%Western Alliance Bancorporation (NYSE: WAL) -25%XLF (NYSE: XLF) -0.7%KRE (NYSE: KRE) -3.8%
... More

Silicon Valley Bank (SIVB), Santa Clara, California, was closed today by the California Department of Financial Protection

March 10, 2023 11:40 AM UTC

Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank.

All insured depositors will have full access to their insured deposits no later than Monday morning, March 13,... More

U.S. regulators descend on SVB Financial Group (SIVB) to asses finances - Bloomberg

March 10, 2023 11:09 AM UTC

U.S. regulators descend on SVB Financial Group (NASDAQ: SIVB) to asses finances - Bloomberg

company called off a share sale amid woespursuing a possible saleattempt to stem deposit outflows... More

Odeon's Dick Bove is 'intrigued' by SVB's (SIVB) preferred stock if it can avoid a run

March 10, 2023 10:56 AM UTC

(Updated - March 10, 2023 10:57 AM EST)

Odeon Capital's Dick Bove weighs in on SVB Financial Group (NASDAQ: SIVB)

said he is "intrigued" by the preferred stock - assuming that some catastrophic event does not developdowngraded the common stock 15 months agoimmediate... More

SVB Financial Group (SIVB) Pulls Capital Raise, Explores Alternatives Including Possible Sale - WSJ

March 10, 2023 10:36 AM UTC

SVB Financial Group (NASDAQ: SIVB) Pulls Capital Raise, Explores Alternatives Including Possible Sale - WSJ

SVB Financial Is Working With Centerview Partners, Sullivan & Cromwell... More

Comerica added to Citi's focus list despite slump in banking shares

March 10, 2023 10:25 AM UTC

By Scott Kanowsky

Investing.com -- Analysts at Citi have placed Comerica Inc (NYSE: CMA) on its focus list, arguing that the Dallas-based lender's valuation presents a "compelling opportunity" despite a recent... More

Yellen: Treasury Monitoring 'A Few' Banks Amid Issues At SVB - Bloomberg

March 10, 2023 10:12 AM UTC

Yellen: Treasury Monitoring 'A Few' Banks Amid Issues At SVB - Bloomberg

... More

SVB scrambles for options after stock sale failed-sources

March 10, 2023 10:09 AM UTC

NEW YORK (Reuters) - SVB Financial Group Inc is urgently exploring all available options, including a sale of the technology-focused bank, after its bid to raise money through a stock sale failed in the wake of some of its clients withdrawing deposits, according to people familiar with the matter.

... More

SVB Financial Group (SIVB) Tells Employees There Are Conversations To Determine Next Steps For The Bank, Staff Should Work From Home Until Further Notice - Reuters

March 10, 2023 10:10 AM UTC

(Updated - March 10, 2023 10:12 AM EST)

SVB Financial Group (NASDAQ: SIVB) Tells Employees There Are Conversations To Determine Next Steps For The Bank, Staff Should Work From Home Until Further Notice - Reuters

shares are halted for trading after plunging 60% on Thursday and... More

SVB Financial Group (SIVB) Deposit Outflows Outpacing Sale Process - CNBC

March 10, 2023 9:36 AM UTC

SVB Financial Group (NASDAQ: SIVB) Deposit Outflows Outpacing Sale Process - CNBC

... More

SVB Financial looking to sell itself after capital hike fails - CNBC

March 10, 2023 9:28 AM UTC

By Geoffrey Smith

Investing.com -- SVB Financial Group (NASDAQ: SIVB) is looking for a buyer, after efforts to raise capital to fill the hole in its balance sheet failed, CNBC reported on Friday, citing people familiar with the... More

SVB Financial looks to sell itself - CNBC

March 10, 2023 9:13 AM UTC

(Reuters) -Startup-focused lender SVB Financial Group is looking to sell itself after an attempt to raise capital through a stock sale failed, CNBC reported on Friday.

The bank was looking to raise more than $2 billion from investors to plug a hole in its balance sheet.

Shares of the... More

SVB Financial Group's (SIVB) Attempt to Raise Capital Fails - CNBC

March 10, 2023 9:03 AM UTC

(Updated - March 10, 2023 9:05 AM EST)

SVB Financial Group's (NASDAQ: SIVB) Attempt to Raise Capital Fails - CNBC

SVB Financial in Talks to Sell ItselfLarge Financial Institutions Looking at Company... More

JPMorgan: Sell-off in large banking shares 'overdone'

March 10, 2023 9:00 AM UTC

By Scott Kanowsky

Investing.com -- A recent sell-off in large banking shares was "overdone," according to analysts at JPMorgan, mostly due to the stronger cash positions these lenders have compared to their smaller peers.

Banking stocks lost over $80 billion in value on Thursday after startups-focused SVB Financial Group (NASDAQ:... More

SVB Financial Group (SIVB) Halted, News Pending

March 10, 2023 8:36 AM UTC

(Updated - March 10, 2023 8:36 AM EST)

SVB Financial Group (NASDAQ: SIVB) Halted, News Pending

... More

SVB Financial, Gap, Oracle and DocuSign fall premarket; Roblox rises

March 10, 2023 8:02 AM UTC

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, March 10th. Please refresh for updates.

SVB Financial (NASDAQ: SIVB) stock fell 44%, adding to Thursdays rout after the lender announced a $2.25 billion equity raise following the announcement of a $1.8B net loss and negative annual and first quarter guidance, hurt by the impact from higher interest rates.

Apple (NASDAQ:... More

SVB Financial Group (SIVB) Selloff Intensifies, Now Down 60%

March 10, 2023 7:57 AM UTC

SVB Financial Group (NASDAQ: SIVB) Selloff Intensifies, Now Down 60%

... More

Until SVB crisis is resolved, risk will trade heavy - Wells Fargo

March 10, 2023 7:22 AM UTC

Wells Fargo analyst Christopher Harvey on the short-term market risks: "The market now faces a unique, idiosyncratic risk: fears of a run on SVB Financial & potential contagion. We are confident in overall bank industry stability, but it's unclear how SVB will play out. Until it's resolved, risk will likely... More

Dow futures fall 100 pts; payrolls and banking sector in spotlight

March 10, 2023 7:15 AM UTC

By Peter Nurse 

Investing.com -- U.S. stocks are seen opening mixed Friday, stabilizing after the previous session's selloff with the focus on the upcoming jobs report and the troubled banking sector.

At 07:00 ET (12:00 GMT), the Dow Futures contract was down 100 points or 0.3%, and S&P 500 Futures traded 4 points or 0.1% lower, while Nasdaq 100 Futures climbed 25 points or 0.2%.

The three benchmark equity indices closed sharply lower on Thursday, dragged lower by hefty losses in the banking sector. The blue-chip Dow Jones Industrial Average dropped over 500 points or 1.7%, while the... More

SVB Financial shares slide again on concerns over balance sheet

March 10, 2023 6:40 AM UTC

(Reuters) - Shares of SVB Financial Group tumbled 40% in premarket trading on Friday, piling on to steep losses logged a day earlier after the embattled lender's plans for a capital-raise fueled concerns about the strength of its balance sheet.

The stock was trading at $63.99 before the bell and was on course to open at its lowest in more than a decade, if current losses held.

The startup-focused bank's shares slumped 60% on Thursday, its biggest... More

SVB Financial Group (SIVB) falls another 42% in pre-open trading

March 10, 2023 6:09 AM UTC

SVB Financial Group (NASDAQ: SIVB) continues lower on worries about deposit outflows:

shares down another 42% to $61 early Fridayshares fell 60% on Thursdaythe company is seeking to raise $2.25 billion in equity after selling securities at a loss to shore up its... More

SVB Financial (SIVB) PT Lowered to $177 at JPMorgan, 'What to Do with SIVB Shares Post the Sell-Off and Industry Read-Through'

March 10, 2023 5:36 AM UTC

JPMorgan analyst Steven Alexopoulos lowered the price target on SVB Financial (NASDAQ: SIVB) to $177.00 (from $270.00) while maintaining a Overweight rating.

The analyst comments "SIVB shares declined 60% in response to the intra-quarter update as well as a number of strategic actions being announced. While the mid-quarter update from the company pointed to an incremental $5B of deposit outflows anticipated during 1Q23, on the surface this did not appear dramatic enough to warrant the company having also announced that it had sold $21B of AFS securities (which triggered a $1.8B loss being recognized). With the... More

Silicon Valley Bank's ominous wobble casts long shadow ahead of jobs report

March 10, 2023 5:24 AM UTC

By Geoffrey Smith

Investing.com -- Not many in financial markets expected Friday to be dominated by a mid-sized West Coast bank rather than the U.S. jobs report for February, and even fewer feel good about it being so.

Shares in SVB Financial Group (NASDAQ: SIVB) - also known as Silicon Valley Bank - fell 60% on Thursday and another 21% after hours, after it announced an emergency $2.25 billion capital raise to cover expected losses. Those losses have been triggered by a sharp run on its deposit base by... More

Charles Schwab Corp. (SCHW) PT Lowered to $97 at JPMorgan, 'Higher Cost Borrowing Likely to Persist through 2Q24, but Could Inflect to the Positive in 2H23'

March 10, 2023 4:51 AM UTC

JPMorgan analyst Kenneth Worthington lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $97.00 (from $102.00) while maintaining a Overweight rating.

The analyst comments "Cash sorting continues to be in focus with Silicon Valley selling AFS bonds at a loss and raising capital to fund improved asset sensitivity. While such a scenario is plausible for Schwab should sorting be... More

SVB Financial Group (SIVB) options active amid wide price movement

March 10, 2023 4:45 AM UTC

SVB Financial Group (NASDAQ: SIVB) 30-day option implied volatility is at 167; compared to its 52-week range of 39 to 280. Call put ratio 1.1 calls to 1 put as venture funds tell companies to back away from the bank.

... More

Morgan Stanley says SVB Financial (SIVB) has more than enough liquidity to fund deposit outflows

March 10, 2023 4:34 AM UTC

Morgan Stanley analyst Manan Gosalia believes that current pressures facing SVB Financial (NASDAQ: SIVB) are "highly idiosyncratic and should not be viewed as a read-across to other banks."

"We have always believed that SIVB has more than enough liquidity to fund deposit... More

We do not believe there is a liquidity crunch facing the banking industry - Morgan Stanley

March 10, 2023 4:32 AM UTC

Morgan Stanley analyst Manan Gosalia on the selloff in US banks.

"Current pressures facing SIVB are highly idiosyncratic and should not be viewed as a read-across to other banks we cover. Yes, funding is a headwind for the industry, but only to NIM and... More

SVB Financial Group (SIVB) option IV increases amid wide price movement

March 10, 2023 4:31 AM UTC

SVB Financial Group (NASDAQ: SIVB) 30-day option implied volatility is at 167; compared to its 52-week range of 39 to 280. Call put ratio 1.1 calls to 1 put as venture funds tell companies to back away from the bank.

... More

Increasing unusual option volume: SIVB MAXN ZION VSCO MQ WW IEP HST

March 10, 2023 4:14 AM UTC

Increasing unusual option volume: SIVB MAXN ZION VSCO MQ WW IEP HST

... More

Raymond James Downgrades SVB Financial (SIVB) to Market Perform

March 10, 2023 3:10 AM UTC

Raymond James analyst David Long downgraded SVB Financial (NASDAQ: SIVB) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on SVB Financial click here. For more ratings news on SVB Financial click here.

Shares of SVB Financial closed at $106.04 yesterday.

... More

Truist Securities Downgrades SVB Financial (SIVB) to Hold

March 10, 2023 3:09 AM UTC

Truist Securities analyst Jennifer Demba downgraded SVB Financial (NASDAQ: SIVB) from Buy to Hold with a price target of $100.00 (from $174.00).

For an analyst ratings summary and ratings history on SVB Financial click here. For more ratings news on SVB Financial click here.

Shares of SVB Financial closed at $106.04 yesterday.

... More

Wolfe Research Downgrades SVB Financial (SIVB) to Peerperform

March 10, 2023 2:01 AM UTC

Wolfe Research analyst Bill Carcache downgraded SVB Financial (NASDAQ: SIVB) from Outperform to Peerperform.

For an analyst ratings summary and ratings history on SVB Financial click here. For more ratings news on SVB Financial click here.

Shares of SVB Financial closed at $106.04 yesterday.

... More

After-hours movers: SVB continues lower on bank woes, Oracle falls following EPS

March 9, 2023 5:49 PM UTC

After-Hours Stock Movers:

Barnes & Noble Education (NYSE: BNED) 24% HIGHER; reported Q3 EPS of ($0.48), $0.40 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $447.06 million versus the consensus estimate of $397.1 million.

SVB Financial Group (NASDAQ: SIVB)... More

SVB Financial Group (SIVB) adds to after-hours losses as some venture funds tell clients to pull money from the bank

March 9, 2023 5:28 PM UTC

SVB Financial Group (NASDAQ: SIVB) adds to after-hours declines as venture funds tell companies to back away from the bank:

down 17.6% after-hours to $87.36Y Combinator said to advise companies to limit SVB exposure to $250KFounder Fund advises companies to withdraw funds... More

Y Combinator said to advise companies to limit SVB (SIVB) exposure - Bloomberg

March 9, 2023 5:21 PM UTC

Y Combinator said to advise companies to limit SVB (NASDAQ: SIVB) exposure - Bloomberg

down another 5.8% after-hours to $99.89shares fell 60.4% intra-daythe company is seeking to raise $2.25 billion in equity after selling securities at a loss to shore up its balance sheet. The pricing is expected tonight.... More

Founders Fund advises companies to withdraw funds from SVB Financial Group (SIVB) - Bloomberg

March 9, 2023 5:10 PM UTC

(Updated - March 9, 2023 5:10 PM EST)

Founders Fund advises companies to withdraw funds from SVB Financial Group (NASDAQ: SIVB) - Bloomberg

down another 3.8% after-hours to $102.04

shares fell 60.4% intra-day

the company is seeking to raise $2.25 billion in equity after selling securities at a loss

... More

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.66%

March 9, 2023 4:35 PM UTC

Investing.com U.S. stocks were lower after the close on Thursday, as losses in the Financials, Basic Materials and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.66% to hit a new 3-months low, while the S&P 500 index fell 1.85%, and the NASDAQ Composite index fell 2.05%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ: INTC), which rose 1.77% or 0.46 points to trade at 26.44 at the close. Meanwhile, Microsoft Corporation (NASDAQ:... More

SVB Financial Group (SIVB) falls another 8% after-hours

March 9, 2023 4:33 PM UTC

SVB Financial Group (NASDAQ: SIVB) adds to intra-day decline

down another 7.6% after-hours to $98shares fell 60.4% intra-daythe company is seeking to raise $2.25 billion in equity after selling securities at a loss... More

S&P 500 slumps as SVB Financial leads rout in banks ahead of Friday's jobs data

March 9, 2023 3:24 PM UTC

By Yasin Ebrahim

Investing.com -- The S&P 500 slumped Thursday, pressured by an SIVB-led slump in banking stocks just as investors remain on edge ahead of Fridays jobs report that many fear could come in hot and cement the return of aggressive Federal Reserve rate hikes.

The S&P 500 fell 0.3%, the Dow Jones Industrial Average fell 0.3%, or 184 points, the Nasdaq Composite was down 0.1%.

SVB Financial Group (NASDAQ: SIVB) slumped more than 55% after the bank announced a $2.25... More

SVB Financial Group (SIVB) March option IV at 258 as shares sell off 61%

March 9, 2023 3:14 PM UTC

SVB Financial Group (NASDAQ: SIVB) March option implied volatility is at 258, April is at 156; compared to its 52-week range of 40 to 278. Call put ratio 1 call to 1 put as shares sell off 61%.

... More

SVB Financial Group (SIVB) call put ratio 1 call to 1 put as shares sell off 62%

March 9, 2023 3:12 PM UTC

SVB Financial Group (NASDAQ: SIVB) 30-day option implied volatility is at 169; compared to its 52-week range of 40 to 278. Call put ratio 1 call to 1 put as shares sell off 62%.

... More

Silicon Valley Bank (SIVB) CEO Tells VC Clients to 'Stay Calm' - The Information

March 9, 2023 3:04 PM UTC

Silicon Valley Bank (NASDAQ: SIVB) CEO Tells VC Clients to 'Stay Calm' - The Information

... More

SVB Financial Group (SIVB) Halted Again on Volatility, Down 60%

March 9, 2023 2:48 PM UTC

SVB Financial Group (NASDAQ: SIVB) Halted Again on Volatility, Down 60%

... More

Midday movers: Silvergate Capital, SVB Financial, General Motors and more

March 9, 2023 2:01 PM UTC

By Liz Moyer

Investing.com -- Stocks are falling on Thursday ahead of a key economic report that could guide the Federal Reserve's decision on interest rates later this month. Here are the midday movers for March 9.

... More

SVB Financial Group (SIVB) paused for trading again on volatility, last down 57%

March 9, 2023 1:58 PM UTC

SVB Financial Group (NASDAQ: SIVB) paused for trading again on volatility:

last down 56.6%

SVB announced plans to shore up its balance sheet by selling equity and securities it owns at a loss.

... More

SVB Financial Group (SIVB) paused for trading on volatility on steep decline

March 9, 2023 1:47 PM UTC

SVB Financial Group (NASDAQ: SIVB) paused for trading on volatility:

last down 54%SVB announced plans to shore up its balance sheet by selling equity and securities it owns at a loss.... More

Stocks at session lows as banks weigh

March 9, 2023 1:38 PM UTC

Stocks at session lows: Dow -205, S&P 500 -30, Nasdaq -100:

bank stocks are very weak after SVB announced plans to shore up its balance sheet and Silvergate announced plans to liquidate.The KRE regional bank ETF is down 7%.... More

SVB Financial Group (SIVB) downgraded to BBB- at S&P, outlook negative

March 9, 2023 1:33 PM UTC

SVB Financial Group (NASDAQ: SIVB) downgraded to BBB- at S&P, outlook negative

... More

Bank stocks crater as SVB's woes send warning sign

March 9, 2023 1:25 PM UTC

Bank stocks cratered on Thursday as SVB Financial Group's (NASDAQ: SIVB) aggressive measures to shore up its balance sheet sent shockwaves across the sector.

SVB, aka Silicon Valley Bank, plunged 47% Thursday after announcing a multi-billion dollar equity offering and a transaction to sell tens of billions of dollars worth of securities at a loss.

The news sent the regional bank ETF, SPDR S&P Regional Banking ETF (NYSE: KRE), down nearly 7%.

Late Wednesday, SVB said it will embark on a $1.75 billion share sale, made up... More

SVB Financial Group (SIVB) call put ratio 1 call to 1.2 puts as shares sell off 47%

March 9, 2023 12:53 PM UTC

SVB Financial Group (NASDAQ: SIVB) 30-day option implied volatility is at 105; compared to its 52-week range of 39 to 277. Call put ratio 1 call to 1.2 puts as shares sell off 47%.

... More

KBW on PacWest Bancorp (PACW): ' lower concentration and maturity of venture deposits provide us more comfort'

March 9, 2023 12:20 PM UTC

Keefe, Bruyette & Woods analyst Christopher McGratty reiterated a Market Perform rating and $30.00 price target on PacWest Bancorp (NASDAQ: PACW)

The analyst comments "SIVB's news has triggered a sell-off in bank stocks and PACW is underperforming (-18% vs. -5% for KRX). PACW... More

Morgan Stanley Cutting Estimates 'by 25%/27%' on Underweight Rated SVB Financial (SIVB)

March 9, 2023 12:16 PM UTC

Morgan Stanley analyst Manan Gosalia reiterated an Underweight rating and $190.00 price target on SVB Financial (NASDAQ: SIVB).

The analyst comments "Cutting our EPS estimates for 2023/2024 by 25%/27% to $11.95/$18.60 on weaker NIM as funding costs ramp higher. We are reducing our 2023 EPS estimate by 25% to $11.95 from $16.02, driven by lower NII and higher share... More

SVB Financial Group (SIVB) call put ratio 1 call to 1.5 puts as shares sell off 39%

March 9, 2023 10:49 AM UTC

SVB Financial Group (NASDAQ: SIVB) 30-day option implied volatility is at 93; compared to its 52-week range of 39 to 277. Call put ratio 1 call to 1.5 puts as shares sell off 39%.

... More

Pacwest Bancorp (PACW) falls sharply

March 9, 2023 9:59 AM UTC

Pacwest Bancorp (NASDAQ: PACW) down sharply with SVB Financial Group (NASDAQ: SIVB)

SIVB is raising money and selling securities at a lossPACW down 19%
... More

Regional Banks Decline in Sympathy with SVB Financial Group (SIVB)

March 9, 2023 9:44 AM UTC

Regional banks were lower across the board after shares of SVB Financial Group (NASDAQ: SIVB) plunged 35% following an equity offering.

First Republic Bank (NYSE: FRC) -10%Western Alliance Bancorporation (NYSE:... More

SVB Financial Group (SIVB) plunges on $1.75bn share sale

March 9, 2023 8:53 AM UTC

SVB Financial Group (NASDAQ: SIVB) shares dropped 30% premarket Thursday after it embarked on a $1.75 billion share sale in order to shore up its finances.

In addition, the struggling firm has entered into a subscription agreement with equity investor General Atlantic to purchase $500 million in a separate private transaction.

SVB intends to grant the... More

SVB Financial Group (SIVB) Stock Offering is Said Expected to Trade March 10 - Bloomberg

March 9, 2023 8:33 AM UTC

SVB Financial Group (NASDAQ: SIVB) Stock Offering is Said Expected to Trade March 10 - Bloomberg

... More

Silvergate, Etsy, JD.com and MongoDB fall premarket; Hilton, Uber rise

March 9, 2023 8:14 AM UTC

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, March 9th. Please refresh for updates.

JD.com (NASDAQ: JD) ADRs fell 5.9% after the Chinese e-commerce firm missed fourth quarter revenue expectations with COVID lockdowns pressuring spending.

Silvergate... More

SVB Financial (SIVB) PT Lowered to $300 at Wells Fargo

March 9, 2023 7:03 AM UTC

Wells Fargo analyst Jared Shaw lowered the price target on SVB Financial (NASDAQ: SIVB) to $300.00 (from $350.00) while maintaining a Overweight rating.... More

SVB Financial (SIVB) PT Lowered to $270 at JPMorgan

March 9, 2023 6:54 AM UTC

JPMorgan lowered its price target on SVB Financial (NASDAQ: SIVB) to $270.00 (from $300.00) while maintaining a Overweight rating.... More

SVB Financial (SIVB) PT Lowered to $200 at Wedbush

March 9, 2023 6:22 AM UTC

Wedbush analyst David Chiaverini lowered the price target on SVB Financial (NASDAQ: SIVB) to $200.00 (from $250.00) while maintaining a Neutral rating.... More

Piper Sandler Starts SVB Financial (SIVB) at Neutral

March 9, 2023 4:47 AM UTC

Piper Sandler analyst Andrew Liesch initiates coverage on SVB Financial (NASDAQ: SIVB) with a Neutral rating and a price target of $195.00 (from $250.00).

For an analyst ratings summary and ratings history on SVB Financial... More

After-hours movers: Silvergate plunges on liquidation, Asana jumps on EPS, CEO's plans to buy stock

March 8, 2023 5:43 PM UTC

After-Hours Stock Movers:

Silvergate Capital Corporation (NYSE: SI) 34% LOWER; announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes.

Asana, Inc. (NYSE: ASAN) 32% HIGHER; reported Q4 EPS of ($0.15), $0.12 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $150.2 million versus the consensus... More

SVB Financial Group (SIVB) sells available for sale securities portfolio at $1.8 billion loss

March 8, 2023 5:09 PM UTC

With its equity offering news, SVB Financial Group (NASDAQ: SIVB) said earlier today, it completed the sale of substantially of its available for sale securities portfolio. SVB sold approximately $21 billion of securities, which will result in an after tax loss of approximately $1.8 billion... More

Signature Bank (SBNY) Shares Decline After Silvergate Announces Plan to Wind Down, Liquidate Silvergate Bank

March 8, 2023 4:37 PM UTC

(Updated - March 8, 2023 4:41 PM EST)

(Updated - March 8, 2023 4:40 PM EST)

Signature Bank (NASDAQ: SBNY) Shares Decline After Silvergate Announces Plan to Wind Down, Liquidate Silvergate Bank

SBNY -5%(Correction, SVB Financial Group (NASDAQ: SIVB) weakness is tied to an offering, not Silvergate)... More

SVB Financial Group (SIVB) Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock

March 8, 2023 4:07 PM UTC

SVB Financial Group ("SVB") (NASDAQ: SIVB), announced today that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares, consisting of 10 million depositary shares each representing a 1/20th interest in a share of its Series F Mandatory Convertible Preferred Stock ("Preferred Stock"), liquidation preference $1,000... More