This 1 Attribute Separates SVB Financial Group From the Pack
The $97 billion asset Silicon Valley Bank is on a run that it will not forget. The stock price of its parent company, SVB Financial Group (NASDAQ: SIVB), has surged from a low around $130 in March to more than $350 at Wednesday's close. The stock is setting new all-time highs during a period when the banking sector has faced no shortage of challenges.
Silicon Valley Bank, which caters heavily to the start-up, venture capital, and private equity communities, has a lot going for it. But I believe it has one attribute that really sets it apart from the industry right now.
Image source: Silicon Valley Bank.
Source Fool.com