SVB Financial Group (SIVB)
SVB Financial operates as a diversified financial services company. It provides numerous banking and financial products and services through four segments. Those segments are Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink.
The $15.06 billion bank headquartered in Santa Clara, California posted third quarter earnings of $8.47 per share and revenues of $1.08 billion. Both the top and bottom lines growing 32% and 64.5% respectively from the previous year due to rising loan and deposit balances.
Although classified as a regional bank, SVB Financial also operates in the United Kingdom, Israel, China, and India to help diversify risk globally. Trading at $290.70, SVB stock has returned over 20% in the past month and 15.8% on the year as of Nov. 2, 2020.
