Financial institutions took some of the biggest hits during the recent stock market meltdown.
Investors should realize, though, that equity growth is an important metric for this sector, and regardless of a Federal Reserve interest rate hike that may or may not happen in September, the financial stocks on our list today should see gains due to the growth in its book values.
SVB Financial Group SIVB - $116.46
Banks
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital.
SVB Financial, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in key international entrepreneurial markets. The Company offers services in the technology, life science and healthcare, private equity and venture capital, and premium wine industries.
Market News and Data brought to you by Benzinga APIs- Market Cap: $5,994,855,597
- Price Change (1 month): -18.8%
- Total Equity Growth Y/Y: 43.1%
- Total Equity (2014): $2,813,072,000
- Market Cap: $77,683,029,481
- Price Change (1 month): -13.5%
- Total Equity Growth Y/Y: 5.5%
- Total Equity (2014): $82,797,000,000
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