Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
If you follow the banking sector, then I don t need to tell you that
SVB Financial Group (NASDAQ:SIVB), the parent company of Silicon Valley Bank, has been on an absolute tear for more than a year. Before the pandemic, the bank traded at roughly $246 per share, a price it had earned after a long run of phenomenal performance. But the pandemic catapulted the tech and start-up banking powerhouse to the next level, and now SVB trades around $573. That s more than 350% of tangible book value (equity minus goodwill and intangible assets), which is a high valuation in banking.
Boston Private shareholders approve sale to SVB Financial americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Boston Private to make second attempt at investor approval for SVB deal americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
2 Bank Growth Stocks to Buy | The Motley Fool fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.