SVB Financial Group (SIVB) Stock Offering is Said Expected to Trade March 10 - Bloomberg

Goldman Sachs Terminates Coverage on SVB Financial Group (SIVB)

Goldman Sachs Terminates Coverage on SVB Financial Group (NASDAQ: SIVB)

Analyst Ryan Nash comments "Effective immediately, we are dropping coverage on SVB Financial Group."

Stifel Lays Out Biotech Names Exposure to SVB Financial Group (SIVB)

Stifel analyst Dae Gon Ha comments "Repercussions of the SVB fallout is dominating headlines and naturally, the majority of our covered companies being unprofitable, pre-commercial companies, stocks under our coverage universe are down sharply today. We have reached out to the respective management teams and are reassured that the impact could be, at least for now, less catastrophic. Of course,... More

SVB Financial (SIVB) PT Lowered to $177 at JPMorgan, 'What to Do with SIVB Shares Post the Sell-Off and Industry Read-Through'

JPMorgan analyst Steven Alexopoulos lowered the price target on SVB Financial (NASDAQ: SIVB) to $177.00 (from $270.00) while maintaining a Overweight rating.

The analyst comments "SIVB shares declined 60% in response to the intra-quarter update as well as a number of strategic actions being announced. While the mid-quarter update from the company pointed to an incremental $5B of deposit outflows anticipated during 1Q23, on the surface this did not appear dramatic enough to warrant the company having also announced that it had sold $21B of AFS securities (which triggered a $1.8B loss being recognized). With the... More

Morgan Stanley Cutting Estimates 'by 25%/27%' on Underweight Rated SVB Financial (SIVB)

Morgan Stanley analyst Manan Gosalia reiterated an Underweight rating and $190.00 price target on SVB Financial (NASDAQ: SIVB).

The analyst comments "Cutting our EPS estimates for 2023/2024 by 25%/27% to $11.95/$18.60 on weaker NIM as funding costs ramp higher. We are reducing our 2023 EPS estimate by 25% to $11.95 from $16.02, driven by lower NII and higher share... More

SVB Financial Group (SIVB) plunges on $1.75bn share sale

SVB Financial Group (NASDAQ: SIVB) shares dropped 30% premarket Thursday after it embarked on a $1.75 billion share sale in order to shore up its finances.

In addition, the struggling firm has entered into a subscription agreement with equity investor General Atlantic to purchase $500 million in a separate private transaction.

SVB intends to grant the... More

SVB Financial Group (SIVB) Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock

SVB Financial Group ("SVB") (NASDAQ: SIVB), announced today that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares, consisting of 10 million depositary shares each representing a 1/20th interest in a share of its Series F Mandatory Convertible Preferred Stock ("Preferred Stock"), liquidation preference $1,000... More