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https://www.barrons.com/articles/svb-financial-stock-portfolio-outlook-loss-93287f3d

SVB Financial Stock Plummets After Lender Liquidates Portfolio, Cuts Outlook

By
Karishma Vanjani
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Lender SVB Financial Group’s stock plummeted Thursday as it sold securities to realign its portfolio in response to higher interest rates while it manages lower deposit levels from clients who continue to spend cash.

The stock (ticker: SIVB ) fell 41.9% to $155.72 by late morning on Thursday. The decline, the steepest among companies in the S&P 500 put the shares on pace for their largest percentage decrease since Sept. 10, 1998, when they fell 42.3%,

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