Wedbush cuts Signature Bank target price but says deposit growth excluding crypto is encouraging [MarketWatch]
Signature Bank (SBNY)
Last signature bank earnings: 4/23 05:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
investor.signatureny.com/investor-relations
Company Research
Source: MarketWatch
After the closing bell on Tuesday, Signature Bank said in its mid-quarter update that spot deposits are down by $1.64 billion in the wake of $4.27 billion in digital asset outflows. On the plus side, core business deposits excluding the digital asset banking team have increased by $2.64 billion thus far in the third quarter, Chiaverini said. "We're encouraged by the deposit growth excluding crypto, which reverses the trend we saw in the second quarter," he said. "Overall, we believe much of the anticipated decline in deposits should already be reflected in SBNY's relative valuation and note that crypto prices have appeared to have somewhat stabilized recently." Shares of Signature Bank are down 48% in 2022, compared to an 18% drop by the S&P 500 SPX, Read Next About the Author Steve Gelsi Steve Gelsi covers banking and cannabis a s a Senior Reporter for MarketWatch.
Show less
Read more
Impact Snapshot
Event Time:
SBNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SBNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SBNY alerts
High impacting Signature Bank news events
Weekly update
A roundup of the hottest topics
SBNY
News
- OKX's Global Compliance Chief Left After Six Months [Yahoo! Finance]Yahoo! Finance
- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- After 625 Days, The Longest Yield Curve Inversion In History [zero hedge]zero hedge
- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- NYCB Sells $899 Million of Consumer Loans. The Capital Raising Journey Isn't Over. [MarketWatch]MarketWatch
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