Here's The Big Reason Why SVB Financial Faces Some Tough Times Ahead
After an outstanding 2021, SVB Financial (NASDAQ: SIVB) entered 2022 with solid business momentum. And after the company released its first-quarter 2022 results, management, increasingly confident in riding the tailwinds of rising rates, further raised investors' expectations for great results over the year.
However, now that the U.S. economy has shrunk for its second consecutive quarter, and with the deterioration in SVB's recent second-quarter results, investors are wondering whether SVB's bull thesis is running out of gas. Here's why SVB could face a tough time over the next year.
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Source Fool.com
