|Bid||449.99 x 1400|
|Ask||479.00 x 900|
|Day's range||455.09 - 475.31|
|52-week range||419.60 - 763.22|
|Beta (5Y monthly)||1.80|
|PE ratio (TTM)||16.13|
|Earnings date||21 Jul 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Feb 1992|
|1y target est||724.91|
SVB Financial, Prosperity Bancshares, and Hancock Whitney are part of Zacks top Analyst Blog.
Powell's indication of a continued rise in interest rates until inflation is restrained will likely benefit the margins of banks like SVB Financial (SIVB), Prosperity Bancshares (PB) and Hancock Whitney (HWC).
One industry that has historically performed well when the Federal Reserve raises interest rates is banks -- but some perform better than others. Here's why SVB Financial Group (NASDAQ: SIVB) is one of the best banks for your dollars in today's environment. Every bank can increase profits when the Federal Reserve raises the Fed Funds rate by raising interest rates for borrowers faster and higher than the interest the bank pays out to depositors.