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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16862247" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3922621-silvergate-capital-stock-extends-drop-after-losing-bull-rating-at-jpmorgan?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Silvergate Capital stock extends drop after losing bull rating at JPMorgan</a></h3><p><a href="https://seekingalpha.com/symbol/SI?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">SI -42.73%</a>Jan. 06, 2023 8:11 AM ET<a href="https://seekingalpha.com/news/3922621-silvergate-capital-stock-extends-drop-after-losing-bull-rating-at-jpmorgan?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">1 Comment</a></p><p></p><p>Silvergate Capital (NYSE:<a href="https://seekingalpha.com/symbol/SI" target="_blank">SI</a>) stock tumbled 11% in Friday premarket trading, extending the outsized slide from the prior session, as JPMorgan analyst Steven Alexopoulos downgraded the crypto-focused bank to Neutral from Overweight, citing its worse-than-expected Q4 metrics.</p><p>On Thursday, the company said it's <a href="https://seekingalpha.com/news/3922273-silvergate-cutting-headcount-40-takes-196m-impairment-charge" target="_blank">slashing headcount</a> by around 40% in a cost-cutting move. Also, it's taking a $196M impairment charge after seeing a nearly 70% Q/Q drawdown in digital asset customer deposits amid a tough backdrop for the crypto space.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16862247, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3922621-silvergate-capital-stock-extends-drop-after-losing-bull-rating-at-jpmorgan?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Silvergate Capital stock extends drop after losing bull rating at JPMorgan[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/SI?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']SI -42.73%[/URL]Jan. 06, 2023 8:11 AM ET[URL='https://seekingalpha.com/news/3922621-silvergate-capital-stock-extends-drop-after-losing-bull-rating-at-jpmorgan?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']1 Comment[/URL] Silvergate Capital (NYSE:[URL='https://seekingalpha.com/symbol/SI']SI[/URL]) stock tumbled 11% in Friday premarket trading, extending the outsized slide from the prior session, as JPMorgan analyst Steven Alexopoulos downgraded the crypto-focused bank to Neutral from Overweight, citing its worse-than-expected Q4 metrics. On Thursday, the company said it's [URL='https://seekingalpha.com/news/3922273-silvergate-cutting-headcount-40-takes-196m-impairment-charge']slashing headcount[/URL] by around 40% in a cost-cutting move. Also, it's taking a $196M impairment charge after seeing a nearly 70% Q/Q drawdown in digital asset customer deposits amid a tough backdrop for the crypto space. [/QUOTE]
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