Bank stocks saw their worst day since 2020 today as SIVB stock announced news that left investors running towards the exits. SVB Financial announced today that they sold over $20B of assets for a $1.8B loss as they look to manage their balance sheet in the future. They also announced a stock offering of over $1.5B, but as investors digested this news, it was quickly realized … [Read more...]
Why I Own Silicon Valley Bank Stock (SIVB stock analysis)
Motley Fool contributor, Nick Rossolillo, breaks down why he owns Silicon Valley Bank stock. This bank stock is down big this year, and the economic cycle could be a risk. But, it offers a unique opportunity to gain exposure to innovative start-up companies. Check out the video for his full thoughts! A portion of this video is sponsored by The Motley Fool. Visit … [Read more...]