SBNY - Signature Bank

Other OTC - Other OTC Delayed price. Currency in USD
-0.0090 (-6.78%)
As of 12:48PM EDT. Market open.
Stock chart is not supported by your current browser
Previous close0.1320
Bid0.0000 x 800
Ask0.0000 x 800
Day's range0.1200 - 0.1331
52-week range0.0548 - 226.5900
Avg. volume7,126,903
Market cap7.749M
Beta (5Y monthly)1.48
PE ratio (TTM)0.01
EPS (TTM)20.9800
Earnings date31 May 2023 - 07 Jun 2023
Forward dividend & yield2.80 (2,121.21%)
Ex-dividend date26 Jan 2023
1y target est145.00
  • Yahoo Finance Video

    Sheila Bair discusses bank exec testimonies, banking shorts, Fed rate hikes, debt ceiling talks

    Sheila Bair, Former FDIC Chair and Senior Fellow to the Center for Financial Stability, discusses bank executives' testimonies and reasons behind the regional banking failures, including interest rate risk management, the role of social media, and deposit runs.

  • Yahoo Finance Video

    SVB, Signature Bank: 'I'm confident we will have more' bank failures, former FDIC chair says

    Former FDIC Chair Bill Isaac joins Yahoo Finance Live to discuss regional banking failures, including SVB and Signature Bank, banking executives' testimonies in Congress, advice for banking regulators, and the likelihood of future banking failures.

  • Yahoo Finance Video

    Sen. Van Hollen talks debt ceiling talks, bipartisan efforts, banking regulation

    Senator Chris Van Hollen (D-Md.) discusses ongoing talks between President Biden and Congressional leaders to raise the national debt ceiling as well as the ongoing efforts to create new banking regulations in wake of recent bank failures.

  • Yahoo Finance Video

    Former First Republic CEO testifies before Congress

    The Yahoo Finance Live team discusses former SVB and former First Republic CEOs testifying before Congress to address the banking collapse of SVB and First Republic.

  • Yahoo Finance Video

    Sen. Elizabeth Warren's biggest takeaways from SVB, Signature Bank executives' testimonies

    Yahoo Finance fiscal policy reporter Jennifer Schonberger breaks down Senator Elizabeth Warren's (D-Ma.) sentiments regarding the testimonies of Silicon Valley Bank and Signature Bank executives and her calls for further investigation into the banks' collapse and mismanagement.

  • Yahoo Finance Video

    Senator Warren on Former SVB CEO: ‘There needs to be a full investigation of insider trading’

    Executives from shuttered Silicon Valley Bank and Signature Bank testified before the Senate Banking Committee about their banks' failures. Senator Elizabeth Warren joined Yahoo Finance to discuss her questioning of the executives. The Senator has been critical of former Silicon Valley Bank CEO Greg Becker, who cashed out stock and options just days before the bank's failure. When asked about the sale, Sen. Warren told Yahoo Finance “there needs to be a full investigation of insider trading for Mr. Becker.” Senator Warren then called Becker’s judgment “laughable,” especially after he claimed that he did not have knowledge of "what was really happening" ahead of Silicon Valley Bank's collapse. Watch the full interview with Jennifer Schonberger here. Key video moments: 00:00:30 On a potential investigation into former SVB CEO Greg Becker 00:00:57 On former SVB CEO's Greg Becker’s judgment 00:01:35 On the role of Congress

  • Yahoo Finance Video

    SVB, Signature Bank failures have 'a common thread' of political counter-narratives: Reporter

    American Banker Washington Bureau Chief John Heltman joins Yahoo Finance Live to discuss the ongoing testimony of SVB and Signature Bank executives at the U.S. Senate hearings.

  • Yahoo Finance Video

    SVB, Signature Bank execs should be exposed for mismanagement in Congress testimonies: Sen. Reed

    Senator Jack Reed (D-RI) discusses the ongoing banking crisis in wake of the collapses of SVB and Signature Bank and breaks down the potential for legislative action to be taken against mismanagement that occurred. 

  • Yahoo Finance Video

    Berkshire Hathaway invests $954 million in Capital One as bank executives testify before Congress

    Yahoo Finance Live's Julie Hyman discusses Warren Buffett's Berkshire Hathaway investing $954 million in Capital One, shedding shares of regional banks Bank of NY Mellon and U.S. Bancorp, while SVB and Signature Bank executives are set to testify in the Senate on the banking crisis.

  • Yahoo Finance Video

    Consumer debt, Microsoft-Activision deal, SVB testimony: What to watch this week

    The Yahoo Finance Live team recaps the biggest stories to watch, including consumer debt, EU approval of Microsoft's Activision Blizzard deal, and the testimonies of SVB and Signature Bank executives.

  • Yahoo Finance Video

    Retail earnings, housing data, bank testimonies: Top headlines to watch next week

    Yahoo Finance Live anchors Akiko Fujita and Seana Smith break down the earnings and economic data and top news stories to watch for next week.

  • Zacks

    FDIC Asks Big US Banks to Pay for SVB, Signature Bank Collapse

    FDIC's new proposal requires banks like JPM, BAC and WFC, which have more than $5 billion in assets, to pay for the collapse of Silicon Valley Bank and Signature Bank.

  • Reuters

    Private-credit firms see opportunity as banks tighten lending

    Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the United States as battered regional banks tighten lending after the turmoil in the sector, according to fund managers and investment strategists. About 46% of the banks surveyed by the Federal Reserve reported tightening lending standards during the second quarter of 2023, compared with 39% in Q4 2022. As a result, commercial and industrial lending, which analysts say is largely driven by smaller banks, has slowed to $2.76 trillion for the week ended April 26 from $2.82 trillion a month earlier, Fed data showed.

  • Motley Fool

    Warren Buffett Said There Would Be Other Bank Failures. Is Western Alliance Safe?

    SVB Financial failed on March 10, 2023, and two days later, New York state regulators shut down Signature Bank. In early April, Berkshire Hathaway Chief Executive Officer Warren Buffett appeared on CNBC, telling viewers, "We're not over bank failures," while reassuring depositors their money is safe thanks to the Federal Deposit Insurance Corporation (FDIC). Considering other banks have failed since Buffett made that statement, many investors have avoided investing in banks and are waiting for the next shoe to drop.

  • Reuters

    FDIC mulls loss-sharing with nonbanks to boost bids on failed lenders - Bloomberg News

    Since the FDIC does not regulate nonbanks, the firms cannot bid for an entire lender but such a move could entice them to buy loans and assets at a discount from collapsed institutions and help the FDIC get higher bids, the report said. The FDIC did not immediately respond to a Reuters request for comment.

  • Yahoo Finance Video

    First Republic's failure 'totally predictable,' says Apollo CEO Rowan

    First Republic's whirlwind decline came to a close early Monday morning, with the announcement that JPMorgan would acquire the beleaguered regional bank. The deal is not surprising to Apollo Global Management Co-Founder and CEO Marc Rowan, who called it a simple case of the "strong get stronger." The recent failures of three banks (First Republic, Signature, and Silicon Valley) were "totally predictable," Rowan says, and can be traced to "well-known" weaknesses. Rowan is more focused on what the "future of regional banking" looks like, particularly after the largest bank run in history saw Silicon Valley bank lose $42 billion in deposits in a single day. So, what does that future look like? There's a possibility of more mergers with regional banks, Rowan says, as weaker institutions "get taken out by the strong players," but "we're not going to know for a while." Most important in the regional bank business model is whether their deposits are stable, Rowan says, admitting he's "not so sure." JPMorgan (JPM) CEO Jamie Dimon told analysts on a call the market crisis surrounding banks "is over." But that doesn't mean the market is out of the woods quite yet. Rowan is wary of commercial real estate stress that could "give some rise to round two." And with the Fed expected to hike rates higher this week, economic conditions are only tightening in the foreseeable future. In his full interview with Brian Sozzi, Marc Rowan explains why despite turmoil, the U.S. banking system remains the "envy of the world." Key video moments: 00:00:26 Bank failures were "totally predictable" 00:00:53 Regional banks' cost of doing business is up 00:01:30 Weak players are getting taken out by strong players 00:01:40 Watch out for commercial real estate Disclosure: Apollo Global Management is the parent company of Yahoo Finance.

  • Reuters

    Supervisory staff shortages come into focus in Fed, FDIC reviews of failed banks

    Among the key findings revealed on Friday in the Federal Reserve and Federal Deposit Insurance Corp assessments of the causes of last month's two huge U.S. bank failures, one major oversight deficiency stood out: Neither has enough bodies for the job. Staffing shortages strained supervisory resources, particularly at the FDIC's New York regional office, in the years leading up to the collapse of Silicon Valley Bank and Signature Bank in March, both regulators said. Both the Fed and FDIC highlighted that their oversight ranks grew leaner even as the institutions they were tasked with reviewing grew larger and more complex.

  • Reuters

    Factbox: Highlights from US regulators' reviews of SVB, Signature failures

    Below are key details from the government's post-mortems, which underscore management failings at Silicon Valley Bank and Signature Bank and too-slow, too-soft responses from regulators. * SVB was "acutely exposed" to risks from rising interest rates and slowing activity in the technology sector in ways that senior leaders and its board of directors did not appreciate. The Santa Clara, California-based bank failed its own internal liquidity stress tests, the Fed said in its report.

  • Reuters

    Signature Bank failure due to 'poor management,' US FDIC report says

    Bank management and its board chased growth and deposits without "developing and maintaining adequate risk management practices and controls appropriate for the size, complexity and risk profile of the institution," according to the 63-page report. Just as critically, the FDIC said its supervisory staff was inadequately resourced for the task of overseeing the bank, an issue it flagged as a significant impediment more widely to its mission of maintaining the safety and soundness of the banking system. Since 2020, an average of 40% of positions in the FDIC's large bank supervisory staff in the New York region were vacant or filled by temporary employees, the report said.

  • CoinDesk

    Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

    The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure.

  • Reuters

    US regulators vow to sharpen oversight as SVB, Signature aftershocks reverberate

    U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank and Signature Bank in March. Though the banking sector broadly has since stabilized, the far-reaching impact of the failures of those two large regional banks was felt on Friday as an even larger lender, First Republic Bank, teetered on the brink of collapse. Regulators were preparing to shut San Francisco-based First Republic, a person familiar with the matter told Reuters.

  • Yahoo Finance UK

    Bitcoin rises as concerns over First Republic Bank escalate

    The price of bitcoin has jumped 4% today after crisis hit First Republic Bank's shares tumble nearly 50% as investors question its future.

  • Yahoo Finance Video

    Results season will be a 'bit of a head fake', says strategist

    Investors banking on strong corporate results to lift stocks need to watch out for the "canary in the coal mine" says Ben Laidler, eToro global markets strategist. He tells Yahoo Finance’s Rachelle Akuffo to expect a “down earnings season” in the first quarter as he laid out his roadmap for how he thinks corporate results will shakeout in the wake of March's banking turmoil. Laidler says reported numbers are “going to look good,” with the strongest earnings to come from “small caps, the cyclicals, consumer discretionary names.” However he suggests looking under the hood, as those companies could suffer the most in an economic slowdown. That's “inevitably coming” he adds, labelling this results season as a “little bit of a head fake.” Laidler says his fear is “what comes next”, anticipating “downbeat” guidance in earnings reports. Specifically in focus for Laidler is the tightening of lending conditions by banks. This has been the topic of some debate in recent weeks, with the likes of Treasury Secretary Janet Yellen and the IMF seemingly on different pages. He clarifies he wouldn’t consider the turmoil following SVB and Signature Bank’s collapses a “crisis,” but instead a “banking scare.” More an issue of individual banks “rather than the system,” but still with real macroeconomic consequences. Commodities in particular are “particularly sensitive” to the slowdown of growth. We have yet to see the final fallout from the banking turmoil, and Laidler encourages all to monitor earnings as they're reported this week. Key Video Moments: 00:00:25 - Commodities are the "canary in the coal mine" for slowdown in growth 00:00:56 - Tech, healthcare remain defensive 00:01:24 - Reported numbers will look "good" for earnings season 00:01:48 - Guidance will be more downbeat, looking ahead 00:02:00 - Best earnings will come from companies that will suffer the most from economic slowdown For more of Rachelle’s conversation with Ben Laidler, click here.

  • Yahoo Finance Video

    Jamie Dimon warns of 'storm clouds,' while telling investors to relax

    JPMorgan CEO Jamie Dimon had one message for investors on the company's earnings call: there are 'storm clouds ahead.' JPMorgan coming out of the gate strong with a huge first quarter revenue beat, and a big prediction for future net interest income. The earnings call offered a more downbeat tone, with CEO Jamie Dimon using his weather analogies once again. "The U.S. economy continues to be on generally healthy footings —consumers are still spending and have strong balance sheets, and businesses are in good shape," Dimon said. "However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks." Dimon also discouraged the use of 'credit crunch' on the call. Although the CEO acknowledged that more challenging lending conditions are already being seen in the real-estate sector, he said bank credit overall will continue to flow despite concerns of a credit crunch, which were voiced by Chicago Fed President Austan Goolsbee. “Obviously, there’s going to be a little bit of tightening, and most of that will be around certain real-estate things,” Dimon said. “You’ve heard it from real-estate investors already, so I just look at that as a kind of thumb on the scale. It just means the fast conditions will be a little bit tighter, which increases the odds of a recession. That’s what that is. It’s not like a credit crunch.” Yahoo Finance's Brad Smith recaps JPMorgan CEO Jamie Dimon’s commentary on recent U.S. banking turmoil and recessionary concerns at Friday’s earnings call. Check out more coverage on the bank earnings here Key Video Moments: 0:00:37: Dimon on banking turmoil 0:01:15 Dimon on the economic landscape 0:01:50 JPMorgan earnings call breakdown 0:03:45 Vibe check on JPM Earnings call

  • Yahoo Finance UK

    Bank stocks to watch ahead of earnings reports

    JPMorgan, Wells Fargo, Citi, and BlackRock are among the banks set to release their latest results.