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Opinions Jim Cramer - Mad Money
SVB Financial GroupSIVBCOMMENTMar 13, 2023
N/A
Stock price when the opinion was issued
$0.01
As of Nov 07, 2024. Market Open.
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It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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Best in class but he is not keen on banks. Has a sensitivity to short term interest rates so will do well with rising rates. SIVB Has a tendency to finance technology companies. With warrants from early stage financing there is a concern regarding the upside value of the warrants. Wait for the technology industry to be better.
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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.