SI News and Press, Silvergate Capital Corp - Class A From 03/22/23

2023-03-22 13:59:52 ET Summary The John Hancock Financial Opportunities fund (BTO) has had an enviable record over the years as one of the most successful equity CEFs of all time. But these last few weeks in the financial sector have showed that no fund is immune from a crisis. ...

2023-03-22 08:15:04 ET Wells Fargo analyst Christopher Harvey updated the firm's Signature Picks portfolio on Wednesday, adding PNC Financial ( NYSE: PNC ) and U.S. Bancorp ( NYSE: USB ) while dropping Bank of America ( NYSE: BAC ) as it rebalances bank holdings ...

2023-03-22 08:13:28 ET Luminar Technologies ( LAZR ) -9% . Petco Health and Wellness ( WOOF ) -9% on Q4 earnings release . Akero Therapeutics ( AKRO ) -8% . Dermata Therapeutics ( DRMA ) -7% . Qualigen Therapeutics ( QLGN ) -7%...

2023-03-21 17:21:25 ET Super Micro Computer ( NASDAQ: SMCI ) shares climbed almost 10% Tuesday, as the server and storage technology company hit an all-time high and announced new products for use in artificial intelligence applications. Earlier in the day, Super Micro ( S...

2023-03-21 15:58:49 ET Summary During 2022, the market perceived good news about the economy as bad news for the stock market because of the Federal Reserve tightening cycle. The peak of this narrative was likely reached in January 2023, as disinflation changed the expected moneta...

2023-03-21 15:38:00 ET Leading up to the Federal Reserve's March 21-22 monetary policy meeting, traders had been expecting the Federal Open Market Committee to ratchet up its key interest rate by 50 basis points because the economy appeared to be surprisingly robust. But then three bank...

2023-03-21 12:48:20 ET Gainers: U.S. Xpress Enterprises ( USX ) +299% . Dermata Therapeutics ( DRMA ) +81% . First Republic Bank ( FRC ) +40% . Starbox ( STBX ) +36% . BigBear.ai ( BBAI ) +31% . Envirotech Vehicles ( EVTV ...

2023-03-21 07:34:54 ET Officials at the U.S. Treasury Department are reportedly studying ways to guarantee all bank deposits if tremors in the banking system spiral into a full-blown financial crisis. Authorities don't yet see full FDIC coverage as necessary, but they are exploring a le...

2023-03-21 01:30:00 ET Summary A confluence of factors came together a week and a half ago precipitating a crisis in the banking system, not only in the U.S. but globally. Too much cash in the economy not only led to higher inflation but to balance sheet issues for banks. Bank...

2023-03-20 16:51:15 ET Failed lender Silvergate Capital ( NYSE: SI ) said Monday it received a letter from NYSE notifying that it is not in compliance with continued listing standards given its failure to file its annual report on Form 10-K for the year ended December 31, ...