Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1706
    +0.0013 (+0.11%)
     
  • GBP/USD

    1.2623
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    56,060.51
    +1,037.10 (+1.88%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,394.78
    +226.71 (+0.56%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

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.