SVB Financial Group (SIVBQ)

[makinezmoney]

$SIVB: Here is the best Foresite on $SIVB downfall....................

A CLASSIC Run on the Bank is .......... ONNNNNNNnnnnnnnnnnnnnnnnnnnn

Very interesting read, this guy figured out the shit situation with $SIVB over 2months ago.
It was just a matter of time .............. Enjoy this tweet thread !

Silicon Valley Bank $SIVB reports earnings tomorrow

Investors have rightfully been fixated on $SIVB's large exposure to the stressed venture world, with the stock down a lot.

However, dig just a little deeper, and you will find a much bigger set of problems at $SIVB... 1/10

— Raging Capital Ventures (@RagingVentures) January 18, 2023

Here is my favorite part.........

$SIVB's big problems are with its HTM "held-to-maturity" portfolio

The bank basically increased its security portfolio by 700% at a generational TOP in the bond market, buying $88 b of mostly 10+ year mortgages with an average yield of just 1.63% at Sept 30th

HTM securities had mark-to-market losses as of Q3 of $15.9 b...compared to just $11.5 b of tangible common equity!!

Luckily, regulators do not force $SIVB to mark HTM securities to market. But the bank would be functionally underwater if it were liquidated today..

More Downside Fun to Come................ JP Dimon on speed dial to buy them at $2/sh