Down 46% This Year -- Is This Crypto Play a Buy or a Value Trap?
Signature Bank's (NASDAQ: SBNY) stock fell more than 9% after the bank reported second-quarter earnings results last week. Despite strong earnings results for the first half of the year, Signature Bank's stock is down 46%. Signature Bank has built out a lot of different lending verticals recently, but the big change that has really transformed the bank in recent years is its deposit base.