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Fly News Breaks for July 29, 2019
SIVB
Jul 29, 2019 | 08:41 EDT
SunTrust analyst Jennifer Demba lowered her price target on SVB Financial to $260 after its Q2 results, saying its net interest margins contracted from higher deposit costs and growth in the lower yielding loan segments. The analyst is keeping her Buy rating on the shares however given the bank's "healthy" asset quality along with its continued balance sheet and fee growth.
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