Why Signature Bank Soared 13.2% in February

Signature Bank (NASDAQ: SBNY) saw its stock price jump 13.2% in February, according to S&P Global Market Intelligence. 

The New York-based bank outperformed most stocks for the month as the S&P 500 was down 3.2% in February, and the Nasdaq Composite dropped 3.4% in the month. Signature Bank is up 2.5% year to date (YTD), while the S&P 500 is down 8% YTD as of March 3.

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Source Fool.com