|Bid||0.00 x 1800|
|Ask||0.00 x 1400|
|Day's range||100.00 - 177.49|
|52-week range||100.00 - 597.16|
|Beta (5Y monthly)||1.55|
|PE ratio (TTM)||3.49|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Feb 1992|
|1y target est||N/A|
The regional bank has submitted a bid to the Federal Deposit Insurance Corp (FDIC), the report said, citing people familiar with the matter. The FDIC which now controls the Silicon Valley Bank assets, when asked for a comment on the report said it is not confirming or commenting on names being reported as potential bidders for SVB. Valley National Bancorp did not immediately respond to a request for comment.
(Bloomberg) -- Valley National Bancorp and First Citizens BancShares Inc. are both vying for Silicon Valley Bank after its collapse earlier this month, according to people familiar with the matter. Most Read from BloombergGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeCredit Suisse Wouldn’t Have Lasted Another Day, Minister SaysValley National, First Citizens Said to Bid on Silicon ValleyDeSantis’s Bad Week Shows Beating Trump Will
Since the collapse of SVB Financial and Signature Bank, a lot of bank stocks have been sold off significantly. One of those is the large digital consumer bank and auto lender Ally Financial (NYSE: ALLY), which is down about 18% since SVB started struggling earlier this month. Investors have had their doubts about Ally for many months now, as the company's large retail auto-lending portfolio looms large heading into what could be a much tougher economy for consumers.