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Fly News Breaks for January 28, 2019
SIVB
Jan 28, 2019 | 07:34 EDT
SunTrust analyst Jennifer Demba raised her price target on SVB Financial to $280 and kept her Buy rating after its Q4 earnings beat, saying the results were driven by "healthy" growth in loans, net interest margins, and core fees, with expenses also coming in flat. The analyst adds that the company saw improved loan loss provisioning, while the overall valuations in regional banks have also turned higher over the last few weeks.
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