Stock News Buzz: SVB Financial Group (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVB) stock observed trading -18.28% off 52-week high price. On the other end, the stock has been noted 23.69% away from low price over the last 52-weeks. The stock disclosed a move of 8.47% away from 50 day moving average and -1.43% away from 200 day moving average. Moving closer, we can see that shares have been trading 8.98% off 20-day moving average. It has market cap of $11327.98M .

SVB Financial Group (NASDAQ:SIVB)  announced financial results for the third quarter ended September 30, 2019. Consolidated net income available to common stockholders for the third quarter of 2019 was $267.3 million, or $5.15 per diluted common share, compared to $318.0 million, or $6.08 per diluted common share, for the second quarter of 2019 and $274.8 million, or $5.10 per diluted common share, for the third quarter of 2018. Consolidated net income available to common stockholders for the nine months ended September 30, 2019 was $874.0 million, or $16.67 per diluted common share, compared to $707.6 million, or $13.15 per diluted common share, for the comparable 2018 period. For the third quarter of 2019, a net loss attributable to SVB Leerink was $1.4 million, or $0.03 per diluted common share. Net income for the nine months ended September 30, 2019 attributable to SVB Leerink was $8.2 million, or $0.16 per diluted common share.

We delivered strong performance in the third quarter, driven by excellent balance sheet growth, solid core fee income, stable credit and healthy market gains, all of which reflect the continued health of and robust liquidity available to our clients, said Greg Becker, President and CEO of SVB Financial Group. While declining short-term rates are pressuring net interest income and net interest margin for now, we believe our focus on execution will enable us to drive continued growth and profitability over the long term, with or without help from interest rates.

The USA based company SVB Financial Group moved with change of 5.82% to $219.79 with the total traded volume of 662699 shares in recent session versus to an average volume of 524.61K. The stock was observed in the 5 days activity at 7.36%. The one month performance of stock was 6.67%. SIVB’s shares are at -3.86% for the quarter and driving a -14.79% return over the course of the past year and is now at 15.73% since this point in 2018.  Right now the stock beta is 2.17. The average volatility for the week and month was at 3.07% and 3.07% respectively. There are 51.54M shares outstanding and 51.3M shares are floated in market.

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