If You Invested $1,000 in Silicon Valley Bank's IPO, This Is How Much Money You'd Have Now
The $97 billion asset Silicon Valley Bank (NASDAQ: SIVB) has managed to pull off a feat that few bank stocks have managed to achieve during the coronavirus pandemic: It saw its stock soar to an all-time high. That's quite an accomplishment when you look at the beaten-down banking sector. As of this writing, the stock traded at more than $357 per share.
Silicon Valley Bank, which caters heavily to the start-up, venture capital, and private equity communities, has been one of the top-performing bank stocks since the Great Recession when you look at growth. Let's look at how much money you would have made on the stock had you invested $1,000 in its IPO.
Image source: Silicon Valley Bank.
Source Fool.com
