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SVB Financial Stock Just Sank 17% -- Should You Buy the Dip?

·5-min read
SVB Financial Stock Just Sank 17% -- Should You Buy the Dip?

SVB Financial Group (NASDAQ: SIVB), the parent company of Silicon Valley Bank, saw its shares plummet more than 17% on Friday, making the stock the biggest loser in the S&P 500 for the day. On SVB's earnings call Thursday, CEO Greg Becker said VC flows have slowed, which has impacted deposit growth and also the bank's venture capital call lending business, which makes up more than half of the bank's loan portfolio.