|Bid||370.00 x 800|
|Ask||457.25 x 800|
|Day's range||451.25 - 459.61|
|52-week range||355.37 - 763.22|
|Beta (5Y monthly)||1.76|
|PE ratio (TTM)||17.43|
|Earnings date||20 Oct 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Feb 1992|
|1y target est||514.15|
Although this bank thrives with rising interest rates, a recession could hurt results in the near term.
The outlook has significantly changed from three months ago, but this bank is still on solid footing.
SVB Financial Group (NASDAQ: SIVB), the parent company of Silicon Valley Bank, saw its shares plummet more than 17% on Friday, making the stock the biggest loser in the S&P 500 for the day. On SVB's earnings call Thursday, CEO Greg Becker said VC flows have slowed, which has impacted deposit growth and also the bank's venture capital call lending business, which makes up more than half of the bank's loan portfolio.