Report
Colin Plunkett
EUR 100.00 For Business Accounts Only

Silicon Valley Bank Outperforms, but We Believe the Bank's Torrid Pace Is Unsustainable

Silicon Valley Bank continues to defy our bearish thesis that growth will falter and five years from now the company will be significantly smaller bank. For the quarter, Silicon Valley Bank earned $3.63 per share, representing sequential growth of 66% from the previous quarter. Though much of this quarter’s growth is attributable to lower taxes, pretax income still grew by 8.6% from the fourth quarter. Credit losses remain low, with provisions/average loans running at a minuscule rate of less th...
Underlying
SVB Financial Group

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Colin Plunkett

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