Calling SVB Financial Group’s (NASDAQ: SIVB) Silicon Valley Bank the “Godfather of the Silicon Valley,” Wedbush analyst Daniel Ives weighed in on the impact of it
Wells Fargo analyst Brian Fitzgerald downgrades Momentive Glb (NASDAQ:MNTV) from Overweight to Equal-Weight and lowers the price target from $10 to $9.46.
Shares of Western Alliance Bancorporation (NYSE: WAL) took a beating on Monday, as did other banking stocks, after the Silicon Valley Bank failure.
The bank’s mid-quarter update shows strong financials, according to Wedbush.