SVB Financial Group (SIVB +12%) pops on much better-than-expected Q3 results, reporting an EPS...

|About: SVB Financial Group (SIVB)|By:, SA News Editor

SVB Financial Group (SIVB +12%) pops on much better-than-expected Q3 results, reporting an EPS of $0.86 cents a share, far better than Street expectations of $0.77 cents a share. Gains in top line performance were driven by higher loan growth, +11% Y/Y, while its bottom line was propped up lower charge offs and an improvement in overall credit quality. (pdf)