|Bid||0.0000 x 41800|
|Ask||0.0000 x 27000|
|Day's Range||4.3700 - 4.5900|
|52 Week Range||3.2600 - 8.3400|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 14, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.05|
Numerous companies in the latter niche enjoyed a nice lift on the first trading day of the week, with Nu Holdings (NYSE: NU) rising by 5.5% and Block (NYSE: SQ) advancing by more than 6%. On Sunday, the Federal Deposit Insurance Corporation (FDIC) announced that acquisitive lender First Citizens Bancshares will be taking over the deposits, loans, and branches of SVB Financial, the parent company of the collapsed Silicon Valley Bank. The collective sigh of relief from finance sector investors was almost audible.
There are no guarantees that any stock will generate huge returns. But the odds look pretty good for these three growth stocks.
The stock of next-generation bank and financial services company Nu Holdings (NYSE: NU) got some new momentum on Monday. In a very brief regulatory document filed with the Securities and Exchange Commission (SEC) on Saturday, Nu Holdings wrote that it "hereby informs its shareholders and the market that neither the company nor any of its subsidiaries have any exposure to Silicon Valley Bank." Silicon Valley Bank, the core business of SVB Financial, is of course the latest high-profile banking sector meltdown.