UPDATE 1-Diameter Capital's Goodwin sees value in failed Signature Bank's bonds, stock [Yahoo! Finance]
Signature Bank (SBNY)
Last signature bank earnings: 4/23 05:00 am
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US:NASDAQ Investor Relations:
investor.signatureny.com/investor-relations
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Source: Yahoo! Finance
April 3 (Reuters) - Scott Goodwin, co-founder of credit asset management firm Diameter Capital, said he sees value in investing in bonds and stocks of failed Signature Bank. Goodwin said at the Sohn Conference, in New York, that recent joint-ventures sealed by the Federal Deposit Insurance Corp-run Signature with real estate investors such as Blackstone are likely to allow the bank's securities to generate returns within five years. In December, the FDIC sold 20% of its equity stake in a venture that holds a $16.8 billion real estate loan portfolio to some investors, including Blackstone Real Estate Income Trust. Spain's Santander bought 20% of Signature's real estate portfolio for $1.1 billion from the Federal Deposit Insurance Corporation (FDIC) also in December. Goodwin's firm has bought positions in the bank's securities. The investor estimates that the market capitalization of Signature Bank will jump to over $600 million from current $145 million. He also sees Sig
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- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
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SBNY
Sec Filings
- 3/15/24 - Form SC
- 2/14/24 - Form SC
- 2/12/24 - Form SC
- SBNY's page on the SEC website