$SVB Financial Group(SIVB)$ if I was short I’d be praying for this to liquidate and never open too. Best case for them. They get money back minus all the extravagant fees they pay day after day while paused. If it opens their loss could far surpass their initial investment, even on OTC. Not all stocks drop once opening on OTC. Lot of eyes still on this and massive short positions.
Balance Sheet: Assets comprise of $70 billion in loans and $124 billion in investment securities (mainly Treasuries and Agency MBS) as of December 31, 2022. Liabilities comprise of $173 billion in deposits, $13.6 billion of short-term wholesale borrowings (Federal Home Loan Bank advances and repo) and $5.4 billion of long-term wholesale borrowings (mainly senior unsecured notes) as of December 31, 2022. Profitability & Asset Quality: SIVB reported net earnings of $1.5 billion in 2022 for a return on equity of 12.14%. Its Common Equity Tier 1 Capital (CET1) was 12.05% on December 31, 2022. Asset quality was strong with net charge offs of 0.10% of total loans and reserve for loan losses of 0.86%.
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