|Bid||224.00 x 800|
|Ask||250.00 x 800|
|Day's Range||240.47 - 245.22|
|52 Week Range||177.70 - 333.74|
|Beta (3Y Monthly)||2.46|
|PE Ratio (TTM)||13.43|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||287.58|
SVB (SIVB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While decent loan growth and higher rates are likely to support Zions' (ZION) NII in the first quarter of 2019, muted growth in fee revenues might hurt results to some extent.
JPMorgan (NYSE:JPM) reported its first-quarter results on Apr. 12. JPM stock gained almost 5% on the news. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsCitigroup (NYSE:C) announced mixed results before the markets opened on Monday. Its share price barely moved. As far as large bank stocks, JPM stock appears to be in a league of its own. Can any other bank stock touch it? * 10 S&P 500 Stocks to Weather the Earnings Storm Let's consider a few different financial metrics to determine if Jamie Dimon's baby is the obvious choice among large bank stocks. What Is Large?Before we consider our options, it's essential that we come up with some definition of large.As I scan a list of bank ETFs, the Invesco KBW Bank ETF (NYSEARCA:KBWB) catches my attention because of its laser-like focus on 24 bank stocks. JPM stock is its number one holding, accounting for 8.56% of its value. KBWB tracks the performance of the KBW Nasdaq Bank Index, which in turn tracks the performance of the leading banks and thrifts that are publicly traded in the U.S. They are primarily sizable, national, money-center banks, with a few regional banks and thrift institutions thrown into the mix. The index uses a float-adjusted, market cap-weighting methodology. The stocks that are weighted lower generally have smaller market caps. Evaluating JPM's PerformanceThe easiest thing to do would be to compare JPMorgan's Q1 results to those of Citigroup.However, that wouldn't be any fun. So, instead, I'm going to compare JPM to my favorite U.S. bank, SVB Financial (NASDAQ:SIVB), where entrepreneurs and innovators go for their financial services needs, both business and personal. Unfortunately, SIVB doesn't report its first-quarter results until Apr. 25, so I'll use the banks' 2018 numbers to compare them. The NumbersFinancial Metric JPMorgan SVB Financial Net Interest Margin 2.51% 3.57% Return on Average Assets 1.24% 1.76% Efficiency Ratio 61.21% 45.50% Tier 1 Capital Ratio 13.7% 13.4% Return on Equity 13% 20.57 By looking at these five financial metrics, it's clear that SIVB stock is very attractive relative to JPM stock. However, there are a couple of caveats to these numbers.First, SVB Financial is much smaller than JPMorgan.In 2018, SIVB had $2.6 billion of revenue. That's about 2% of JPMorgan's total revenue. JPM had $2.6 trillion of total assets, compared to $55.2 billion for SIVB. The 0.52 percentage-point difference in the banks' return on average assets isn't a big deal, since JPM is so much bigger than SIVB. For example, if JPMorgan had SIVB's return on average assets in 2018, it would have generated $45.7 billion of net income, $13.3 billion more than it did. However, as it stands, JPMorgan's net income in 2018 of $32.5 billion was 59% of SVB Financial's entire asset base. I'm sure Jamie Dimon would love to have some of SIVB's superior numbers, but given JPM's size, that's not very realistic.The second caveat is that SIVB is geared toward commercial banking. In 2018, out of $27.5 billion of its average loans outstanding, 50.8% were worth $20 million or more. Consumer loans and mortgages accounted for just 10% of the bank's total loan portfolio. JPMorgan's total consumer-credit portfolio, including credit cards, was $1.2 trillion, or 46% of its total assets. It focuses much more on retail banking than SIVB. When economies turn south, that can work against JPM stock. But for now, with a relatively strong economy, JPM and JPM stock are sitting pretty. The Bottom Line on JPM StockIf you're interested in owning one of America's biggest and best banks, I don't think there's a better choice than JPMorgan stock.However, if you want to own a piece of one of America's best banks, period, SIVB is a desirable alternative, in my opinion. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Is JPMorgan Stock the Obvious Choice Among Large Banks? appeared first on InvestorPlace.
While decent loan growth and higher rates are likely to aid KeyCorp's (KEY) NII growth during the first quarter, muted fee revenue growth might hurt results to some extent.
Driven by loan growth and higher rates, BNY Mellon's (BK) net interest revenues are likely to be positively impacted during the first quarter.
While steady iShares inflows are expected to boost BlackRock's (BLK) assets under management in the first quarter, higher costs might hurt results to some extent.
SANTA CLARA, Calif. , April 11, 2019 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) will report its financial results for the quarter ended March 31, 2019 , on Thursday, April 25, 2019 after the close ...
Legendary investors such as Jeffrey Talpins and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don't publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That's why we analyze the […]
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Post-GFC recovery has driven major financial institutions’ return to health, increasing market confidence in these “too-big-t...
The TNX may have bottomed out as the retest of S&P 500 support failed and the VIX showed anxiety after two weeks of calm.
Yields on the 10-year Treasuries fell below three-month Treasury yields earlier on Friday, inverting the so-called yield curve. That’s a sign that a recession could be looming.
The KBW Bank Index slid 4.5 percent, the most since Dec. 4, to a session low after President Trump said he will nominate long-time supporter and Jerome Powell critic Stephen Moore to the Federal Reserve Board. The index hit its lowest intraday since Jan. 15, with top decliners once again including regional banks Regions Financial Corp., KeyCorp, and Citizens Financial Group.
SVB Financial Group NASDAQ/NGS:SIVBView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for SIVB with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SIVB had net inflows of $2.44 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
JPMorgan Chase Bank got a little smarter today in courting the Bay Area’s fast-growing startups, combining two different groups within the bank to better serve these companies nationally. Chase (NYSE: JPM) said Monday that it will merge its commercial banking teams focused on mid-sized technology companies and emerging growth companies in a new practice called the “technology and disruptive commerce industry group.” The combined team will focus on “early stage companies, particularly those with steep growth trajectories and disruptive product and service offerings in categories such as software, semiconductors, food, health and wellness, home and lifestyle and pet,” the bank said. “In today’s economy, startups are growing at a faster clip and basic banking needs can quickly turn complex as companies scale and grow more sophisticated,” said Melissa Smith, head of specialized industries for middle market banking.
A new report found that only 28 percent of startups have at least one woman on the founding team and only 40 percent have at least one woman on the board of directors. Here's more on that and other midweek venture and startup news from the Bay Area.
The most recent earnings update SVB Financial Group's (NASDAQ:SIVB) released in December 2018 showed that the company gained from a large tailwind, leading to a high double-digit earnings growth ofRead More...
TORONTO, March 4, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced that it has been granted a licence in Canada from the Superintendent of Financial Institutions and has opened its Canadian headquarters in Toronto. SVB may now provide in-market commercial financing solutions to private and public technology and life science companies and their investors across Canada.
The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL Canada's banking regulator has granted ...
SVB (SIVB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Feb.20 -- Shruti Shah, Silicon Valley Bank entrepreneur-in-residence, discusses Europe's venture capital landscape with Bloomberg's Emily Chang on "Bloomberg Technology."