This Bank Stock is Down 56% From Its Peak; Here's How it Can Bounce Back in 2023 and Beyond

Courtney Carlsen, The Motley Fool
·4 min read
This Bank Stock is Down 56% From Its Peak; Here's How it Can Bounce Back in 2023 and Beyond

It's been a treacherous year for the innovation economy as many start-ups saw their valuations take a shellacking. SVB Financial (NASDAQ: SIVB), the parent company to Silicon Valley Bank, saw its shares take a hit in a big way in 2022 as falling tech stock valuations and tepid venture capital markets weigh on the business. SVB Financial's stock is down about 56% from its November 2021 peak and trades near its lowest valuation in a decade.

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