50% off Premium Yearly
SVB Financial GroupSIVBWAITApr 25, 2022Stock price when the opinion was issued
As of Nov 07, 2024. Market Open.
He fully admits that he got this call wrong. He should have dug deeper into the numbers. SVB was taking too many risks in its investing. Though it's no excuse, Wall Street missed it too with many analysts signalling buying and hold their price targets. Also wrong were the regulators who didn't catch the risks that SVB made. He regrets his earlier call and pledges to do better going forward.