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Fly News Breaks for January 25, 2019
SIVB
Jan 25, 2019 | 08:54 EDT
RBC Capital analyst Jon Arfstrom lowered his price target on SVB Financial to $300 after its Q4 results, saying that while its earnings were better than expected, they also included 25c in gains from securities, warrants, derivatives, and forex revaluations. The analyst is keeping his Outperform rating on SVB Financial given its favorable outlook and strong client activity, with average loans rising over 4% sequentially on strength in PE/VC capital call lines, life sciences, and private bank activity.
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