Defying Gravity, Silicon Valley Bank Posts Strong Fourth Quarter Despite Slowing Markets
No moat Silicon Valley Bank continues to excel despite slowdowns in the tech economy. The company posted earnings of $1.89 per share, year-over-year growth of 12.5%. However, this quarter marks a dip from the third quarter’s earnings of $2.12 per share which benefited from one-time gains. Unlike the third quarter, Silicon Valley Bank did not enjoy the same gains on investment securities and equity warrant assets. While investors remain ebullient pointing out Silicon Valley Bank’s interest rate s...SVB Financial Group is a financial services company, as well as a bank holding company and a financial holding company. The company provides commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank. The company has three segments: Global Commercial Bank, which comprises of its Commercial Bank, its Private Equity Division, SVB Wine, SVB Analytics and its Debt Fund Investments; SVB Private Bank, which provides a range of personal financial solutions for consumers; and SVB Capital, which focuses primarily on funds management.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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