SIVB - 1 Negative and 1 Positive in SVB Financial's Third-Quarter Earnings
SVB Financial Group (NASDAQ: SIVB) , a bank that caters to its namesake Silicon Valley customers, released its third-quarter 2022 earnings on Oct. 20. Although investors were highly disappointed with the report, there was good news in the results.
Here is the one big reason the stock dropped after earnings and one reason you should remain optimistic over the long term.
SVB generates most of its revenue through loans. The bank measures its profits from lending activities based on net interest income (NII), the difference between the interest rate it pays depositors and the interest rate on the loans it makes.
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1 Negative and 1 Positive in SVB Financial's Third-Quarter Earnings