Earlier today: "JPMorgan analyst Steven Alexopoulos lowered the firm's price target on SVB Financial to $177 from $270 and keeps an Overweight rating on the shares. While the company's mid-quarter update pointed to an incremental $5B of deposit outflows anticipated during Q1, on the surface this did not appear dramatic enough to warrant the company having also announced that it had sold $21B of available for sale securities, which triggered a $1.8B loss being recognized, the analyst tells investors in a research note. However, the firm sees this as a "very prudent strategy" from the company given that the cash burn from startup clients as well as pace of investments by venture capital firms each remain moving targets. It would be a buyer of SVB shares "at this highly attractive valuation.""
%% SOMEthing like that; FDIC to the rescue, not rescue the bank but rescue the bank customers. Single stock risk. Nothing like a good name change, +good management change