SVB — which collapsed Friday — was the subject of a Nov. 15 report issued by the JPMorgan North America Equity Research Team for customers paying for the research.
— was the subject of a Nov. 15 report issued by the JPMorgan North America Equity Research Team for customers paying for the research.after holding a “deep dive webinar with SVB CFO Dan Beck,” the report said.
“The focus of investors rapidly shifted to the company’s $16 billion unrealized losses in its HTM securities portfolio with investors expressing that should deposit outflows persist for longer than expected, the company may need to sell underwater HTM securities to meet cash needs.” A JPMorgan analyst report from November warned about the risk of Silicon Valley Bank’s “$16 billion unrealized losses.”But insiders say that’s just part of the internal corporate kissing-up that goes on between analysts and businesses.
“The ninth-best performer to date has been SVB Financial [the bank’s parent company] — don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”
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