Is SVB Financial Group the Best Bank Stock?
SVB Financial Group (NASDAQ: SIVB), the holding company of Silicon Valley Bank, is a $71-billion-asset niche bank that caters to the start-up and tech sectors. The company has four main divisions: a global commercial bank, a venture capital investment arm, a private banking practice, and an investment bank operation focused on life science and healthcare.
Is it one of the best bank stocks? Quite possibly. Before the coronavirus pandemic, it was one of the highest-performing bank stocks of the last decade, with its stock climbing nearly 470% between early 2010 and the end of 2019. Despite the impact of the coronavirus pandemic on banks, it appears that SVB has a good handle on credit quality, avoids risky industries by the very nature of its business model, and is well-positioned for a post-coronavirus market.
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Source Fool.com
