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SVB Financial Group (SIVB) is a diversified financial services company. The firm provides various banking and financial products and services.
It operates in three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital.
The company offers deposit products, such as business and analysis checking accounts, money market accounts, and multi-currency and sweep accounts, as well as lockbox, electronic deposit capture, and merchant services; and lending products and services, including term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards. It also provides cash management products and services comprising wire transfer and automated clearing house payment, bill pay, account analysis, and disbursement, as well as online banking services.
In addition, the company offers foreign exchange services; various loan and credit facilities; letters of credit, including export, import, and standby letters of credit; investment services and solutions; third party money market mutual funds and fixed-income securities; and investment advisory services. Further, it provides vineyard development loans and community development loans to clients in the wine industry; equity valuation services to companies and venture capital/private equity firms; asset management, private wealth management, and brokerage services; and non-banking products and services, such as funds management, venture capital, and private equity investment, as well as business valuation services.
Additionally, the company offers private banking services, including mortgages, home equity lines of credit, restricted stock purchase loans, capital call lines of credit, and other secured and unsecured lending services. It operates through 28 offices in the United States; and offices in China, Hong Kong, India, Israel, and the United Kingdom.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that the firm reports its quarterly results on July 24. Higher share prices are expected for this stock.
52-Week Trading Range: $79.54 - $135.00
Entry Point: $118.00
Stop Loss: $112.10
Target Price: $129.80
SIVB fell below our stop loss. Closed at $111.
