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Fly News Breaks for January 27, 2020
Jan 27, 2020 | 08:32 EDT
Maxim analyst Michael Diana raised his price target on SVB Financial to $300 and kept his Buy rating after its Q4 earnings beat and positive 2020 guidance. The analyst says the quarter was driven by the bank's "very strong loan growth, strong deposit growth, lower loan loss provisioning", even though its net interest margins saw some compression. Diana contends that SVB Financial is the "most unique and bast bank in the world", outperforming its 2020 earnings base even in a "flattish" interest rate environment.
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