US Regulator Seeks Sale Of Silicon Valley Bank, Signature Bank Portfolios
-Reuters, citing sources
-Reuters, citing sources
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
3/10/2023 | Outperform → Mkt Perform | Raymond James | ||
3/10/2023 | $174.00 → $100.00 | Buy → Hold | Truist | |
3/10/2023 | Outperform → Peer Perform | Wolfe Research | ||
1/18/2023 | $145.00 | Overweight → Equal-Weight | Stephens | |
1/9/2023 | Buy → Hold | Jefferies | ||
12/7/2022 | Strong Buy → Mkt Perform | Raymond James | ||
12/5/2022 | $253.00 → $186.00 | Equal-Weight → Underweight | Morgan Stanley | |
12/5/2022 | $223.00 → $152.00 | Overweight → Equal-Weight | Morgan Stanley |
13F-HR - SVB FINANCIAL GROUP (0000719739) (Filer)
8-K - SVB FINANCIAL GROUP (0000719739) (Filer)
8-K - SVB FINANCIAL GROUP (0000719739) (Filer)
LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (OTC:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (OTC:SBNY) securities between March 2, 2023 and March 12, 2023, (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. According to the complaint, during the Class Period, the Defendants either prov
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 04, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (NASDAQ:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (NASDAQ:SBNY) securities between between March 2, 2023 and March 12, 2023, (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing clai
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 20, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (NASDAQ:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (NASDAQ:SBNY) securities between between March 2, 2023 and March 12, 2023, (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claim
Joseph J. DePaolo Plans Transition into Senior Advisor Position and Eric R. Howell to Assume the Role of President; Howell first joined Signature Bank at the time of its opening in 2001 Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial Bank announced today Co-founder, President and Chief Executive Officer Joseph J. DePaolo plans to transition into a senior advisor role during 2023. Chief Operating Officer Eric R. Howell will succeed DePaolo as President, effective March 1, 2023. DePaolo retains the Chief Executive Officer role and also will remain on the Bank's Board of Directors. In addition, Howell will continue serving as Chief Operating Officer and a member of the
Saidin brings over three decades of technology operations experience to Tassat Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005566/en/Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire) Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an
Ashraf Hebela to lead Technology & Healthcare Banking; Lewis Hower to lead Startup Banking SANTA CLARA, Calif., Feb. 8, 2023 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and investors, today announced that Ashraf Hebela has been named the new Head of Technology & Healthcare Banking for North America. He succeeds Dave Sabow who SVB recently named as CEO of Silicon Valley Bank UK and Head of EMEA, pending regulatory approval. The company also announced that Lewis Hower will step up to lead Startup Banking. "As we continue to support com
SC 13G/A - Signature Bank Corp (0001288784) (Subject)
SC 13G/A - Signature Bank Corp (0001288784) (Subject)
SC 13G/A - SVB FINANCIAL GROUP (0000719739) (Subject)
American banks are grappling with a staggering $650 billion in unrealized losses on their bond investments — but there could be a way out. What Happened: The losses resulted from banks pouring trillions into low-yield Treasury bonds before the Federal Reserve's rate hikes. With the surge in interest rates, the value of these bonds has taken a nosedive, putting the banks in a precarious position. According to a report by Insider, the earlier failures of banks such as Silicon Valley Bank, First Republic Bank (NYSE:FRC), and Signature Bank (NASDAQ:SBNY) were partly due to the diminishing value of their bond holdings. Tracing back to the pandemic's onset, many banks received an influx of c
PNC Financial Services Group Inc's (NYSE:PNC) PNC Bank disclosed buying a portfolio of select capital commitments facilities worth $16.6 billion from Signature Bridge Bank, N.A. The transaction was made through an agreement with the Federal Deposit Insurance Corporation (FDIC) as Receiver. The portfolio acquisition, which includes funded loans of $9 billion, will be financed with cash on hand. The transaction is expected to be immediately accretive to PNC's earnings, representing an EPS of $0.10 in Q4 2023. The deal will not materially impact PNC's total assets, capital ratios, or tangible book value per share. The bank will provide additional information on the transaction in the Q3
Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it has acquired a commercial real estate lending team from the former Signature Bank. Frank Korzekwinski, Chief of Real Estate Lending, stated "We are pleased to welcome Chris Penino, Christy Archer, and Kim Carson to our high-quality Commercial Real Estate Lending group. We are confident that they will assimilate quickly into the Flushing Bank culture and will attract and develop full-banking relationships from their existing and prior client rosters." John R. Buran President and CEO, stated, "The recent market disruptions have presented an opport
Signature Bank Announces Buyback of Common Shares Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments. To this end, Signature Bank has: A proven, stable commercial banking business model with in excess of $100 billion in well-diversified assets across nine national business lines and nearly 130 commercial banking teams spanning its metropolitan New York area and West Coast footprint; A diversified deposit mix, with more than 80 percent of deposits co
HOUSTON, Feb. 21, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (NASDAQ:DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), is pleased to announce its entry into the $5 million revolving credit facility with Silicon Valley Bank, as filed with the SEC on a Form 8-K on January 11, 2023. In addition to the principal amount of $5 million, Direct Digital Holdings has access to an additional $2.5 million incremental revolving facility, subject to the lender's consent, which may increase the aggreg
Net Income for the 2022 Fourth Quarter Was $300.8 Million, or $4.65 Diluted Earnings Per Share, Versus $272.0 Million, or $4.34 Diluted Earnings Per Share, Reported in the 2021 Fourth Quarter. Pre-Tax, Pre-Provision Earnings for the 2022 Fourth Quarter Were $450.6 Million, an Increase of $65.2 Million, or 16.9 Percent, Compared with $385.4 Million for the 2021 Fourth Quarter Net Income for 2022 Was a Record $1.34 Billion, or $20.76 Diluted Earnings Per Share, Compared with $918.4 Million or $15.03 Diluted Earnings Per Share in 2021. Pre-Tax, Pre-Provision Earnings for 2022 Were a Record $1.83 Billion, an Increase of $536.4 Million, or 41.3 Percent, Compared with $1.30 Billion for 2021
Raymond James downgraded SVB Financial Group from Outperform to Mkt Perform
Truist downgraded SVB Financial Group from Buy to Hold and set a new price target of $100.00 from $174.00 previously
Wolfe Research downgraded SVB Financial Group from Outperform to Peer Perform
3 - SVB FINANCIAL GROUP (0000719739) (Issuer)
3 - SVB FINANCIAL GROUP (0000719739) (Issuer)
4 - SVB FINANCIAL GROUP (0000719739) (Issuer)