The stock market was having a strong day on Friday, with all three major indexes in the green a couple of hours into the trading session. However, SVB Financial Group (NASDAQ: SIVB) was a major standout, with shares up by 12% at 11:15 a.m. EDT.
As you might expect given that we're in the middle of earnings season, SVB's move today is driven by its latest results. The bank's earnings didn't just exceed expectations -- at $10.03 per share, they were the best in the bank's history .
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Here's Why SVB Financial Group Is Soaring on Friday