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Fly News Breaks for April 21, 2016
SBNY
Apr 21, 2016 | 08:15 EDT
RBc Capital believes that worries about Signature Bank's potential losses on its loans to taxis are overdone. The firm expects the company to suffer losses on the loans, but it thinks they will be "minimal." RBC says that the company's Q1 results showed "impressive balance sheet growth." It keeps a $168 price target and Outperform rating on the shares.
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