Signature Bank (SBNY) News

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$SBNY: With RILY surging…. Read bullish-case for $SBNY


Signature Bank – why the 36,000% rise in 7 months?

Between October and December 2023, the share price of Signature Bank $SBNY rose from just 1 cent to USD 1.60. The stock then soared to USD 3.60, and currently trades at USD 3.30.

A fascinating case that may have further to run. pic.twitter.com/OrLqbYKAV6— Undervalued-Shares.com (@uv_shares) April 19, 2024


GO $SBNY

"L"s just hit another 52 week high at $6.35.

Perfs hit a new 52 week high $6.10 old was $6.00.

The perfs are bumping that 52 week high at $5.95, $6 is the 52 week high.

This one.

Quote page> Trades

I believe it is delayed 15 or 20 minutes

Thank you

https://investorshangout.com/timeandsales/SBNY

What web site shows the quantities

It will be nice

Yeah. Some nice action in the highs.

$3.45. 100,000
$3.50 300,000
$3.45 200,000

Looks like it's getting ready to fly again pretty soon.

High volume today

Pretty moot for those who have been following this from the beginning. They're loaded under twenty cents.

Retail is irrelevant at this point. Not needed.

U.S. can buy, you just gotta know how.

The major brokerages do not allow.

How much can this go up? Can the other bank stock on EM at rock bottom do what this is doing?

Had a guy post here a while back that he was in the Expert Market and was able to purchase. I inquired about that and he told me which broker he was with so I checked. In order to be in the Expert Market you had to have something like at least $1mil on account with them and a personal value in excess of $10mil.
You can go bsck thru the prior posts and see whick broker it was. The Expert Market is NOT for everyday investors.

green despite the market tanking 👍️

They didn't get "lumped in".. They are separate, and being sold separate. Institutional players are currently buying sbny equity, and see returns based on assets above liabilities.

The FDIC has a joint venture with the signature assets.

So, currently here is the joint, and what's still held by Signature Bridge Bank:

$?.??? Billion in cash.

80% in the $17B CRE portfolio.
(20% to Blackstone)

95% in the $5.8B Multifamily portfolio.
(5% to Community preservation Corp.)

80% in the $9B Multifamily portfolio.
(20% to Santander)

Glad I still hold some 😉

$SBNY: It can't be bought on the open market

By retail investors.

How do you think that Ontario Pension Plan was able to get access to it ?
They have deeeeepppppp pockets.

Assets on the books prior to the SBF debacle/blowup were quite substantial.

They got lumped in with the likes of Silicon Valley Bank without anyone really differentiating the two and ljmpimg them as the same.

They are not !

Going much higher from here... and u still won't be able to purchase as a retail investor on the open market... that window is closed. Almost trading as if this thing has gone private.

Thank u

From what I understand, broker-dealers, institutions, and accredited investors.

But, I can't confirm this to be 100% as fact, or complete information. Ask your broker, to be sure.

Do you what are these requirements?

Yes.

Unless you fall under the requirements to purchase on the "Expert Market."

You are saying SBNY cannot be bought in the U.S. markets? I was a crypto customer in Signature but pulled out completely before the shit hit the fan. Just now catching wind of the rise.

True

Elmasry
I think this is the only stock on the exert market that has gone up

It has been moving up and that is all what count

It's traded on the "Expert Market" and US retail can't buy...only sell.

I've seen Canadians both claim they can still buy, and some say they can't.

I think this is a vast majority smart money buying.

I have a feeling that one day soon is going to move very fast to 11 to 12 dollars
It is a question of more people getting aware of it
And that is happening at a faster rate right now
Good luck.

Definitely possible, and much higher I think in time.

MFN Partners taking a position with 9.5% in a recent filing, and Diameter Capital speaking at a conference, openly stating they have an investment and see this going above $600M market cap, are pretty solid signs of what's to come. Although I've yet been able to find a filing for Diameter Capital yet. Still.. Looks very promising for a possible monster gain from here.

Climbing quickly and large interests accumulating. Anyone have a guess on near term price? I'm guessing 12 in the next month or so. Anyone disagree?

I wondered if they consider the Perfs to be bonds???

MFN PARTNERS takes a position scooping up 9.5%.

https://fintel.io/doc/sec-mfn-partners-lp-1288784-sc-13g-2024-march-15-19797-1566

Diameter Capital's Goodwin sees value in failed Signature Bank's bonds, stock

https://finance.yahoo.com/news/diameter-capitals-goodwin-sees-value-203047357.html

Another new 52WH. This chart keeps going from great, to greater. Wow!

Signature Bank Chicago, is not affiliated with the Signature Bank out of New York.

Signature Bank Statement

Rosemont, Illinois-based Signature Bank Chicago was founded in 2006 and is a privately owned commercial bank serving clients throughout the Midwest. Recent events within the banking industry have led to weakened financial positions and the failure of some banks. One of those closures occurred recently with a bank that has a name similar to ours – “Signature Bank New York”. Signature Bank Chicago is not affiliated with this bank in any way. Signature Bank Chicago is well-capitalized and positioned for success, coming off a record year in 2022. The most recent press release on our financial performance can be found at the link here.

There is much to look forward to as we enter our 18th year of serving our clients. As the dust settles on this current financial controversy, just know that Signature Bank Chicago continues our careful and deliberate approach to running our own business so that we can better serve yours! If economic conditions worsen and you have any concerns at all about Signature Bank Chicago or the health of the U.S. banking system, please call any one of our founders directly:

Mick O’Rourke: 773-575-4913
Bryan Duncan: 847-736-1117
Kevin Bastuga: 773-255-7834

Learn More

Thank you

https://www.marketwatch.com/press-release/signature-bank-chicago-announces-key-milestones-achieved-in-2023-77005a78?mod=mw_quote_news_seemore

Read it

nice steady move 3's new base now :) another thanks to my canadian broker lol

Commons hit a new 52 week high.

Another impressive day.

With MFN Partners taking a 9.5% position, and Diameter Capital publicly stating investment and and value in Signature, it's pretty clear this thing is going to launch, consolidate, launch, consolidate a few times over.

This is going to be something for the books to watch.

To bad retail can't buy this anymore. The big boys aren't going to share this...

It's funny, you can buy bankrupt stocks, but not this... Crazy.

nice action today :) not even looking at the daily swing.

Commons and Perfs both shot up after market close.

Yup, should be going up the rest of the week now.

https://finance.yahoo.com/news/1-diameter-capitals-goodwin-sees-200517955.html

It hit 3.24 today

May be some news coming out.

Guess those SPECIAL people finally got tired of waiting for people to sell and only picking up a few thousand daily and decided to put the money down.

You were right
Explode now