|Bid||149.90 x 200|
|Ask||183.90 x 300|
|Day's Range||177.27 - 180.64|
|52 Week Range||82.90 - 198.83|
|PE Ratio (TTM)||23.34|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Financial, tech and some retail stocks led the downside amid a broad slump for U.S. equities. Government bond yields plunged.
Silicon Valley Bank's new president, Mike Descheneaux, might have one of the worst commutes in Greater Washington. New CFO Daniel Beck earned his bachelor's degree in accounting from Virginia Commonwealth University and a bachelor's degree in biology from Virginia Tech. Descheneaux has also overseen SVB Capital, the bank's $3 billion investment arm, and was on the board for the company's joint venture bank in China.
Silicon Valley Bank announced two changes to its leadership team Friday, naming Michael Descheneaux as SVB president and Daniel Beck as chief financial officer of SVB Financial Group. Descheneaux had served in the CFO role for the Santa Clara-based institution — the nation's 40th largest bank by assets — since 2007. “The opportunities for entrepreneurs, companies and investors in the innovation economy are strong and getting stronger,” said Descheneaux in a release.