Donnelley Financial Solutions Inc
Change company Symbol lookup
Select an option...
DFIN Donnelley Financial Solutions Inc
SY So-Young International Inc
GOTU Gaotu Techedu Inc
SGDVV Safe & Green Development Corp
GLBZ Glen Burnie Bancorp
PHAR Pharming Group NV
CARD Max Auto Industry -3X Inverse Leveraged ETN
HIW Highwoods Properties Inc
HFRO Highland Opportunities and Income Fund
HDV iShares Core High Dividend ETF

Financials : Capital Markets | Small Cap Blend
Company profile

Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. It provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and others. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The Company’s IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides its investment company clients tech-enabled services to prepare and file registration forms and others.


Last Trade
0.49 (0.94%)
B/A Size

Market Hours

Closing Price
Day's Change
0.00 (0.00%)
B/A Size
Day's High
Day's Low

10-day average volume:

First Republic's stock rallies as First Citizens deal for Silicon Valley Bank lifts banks

4:37 pm ET March 27, 2023 (MarketWatch)

By Steve Gelsi and Barbara Kollmeyer

Bank stocks rise after sharp stock drops in recent weeks that followed the demise of Silicon Valley Bank

Shares of First Republic Bank rallied Monday, leading a swath of regional lenders higher on news that the failed Silicon Valley Bank has a buyer, as well as on upgrades of three banks from analysts in the sector.

The Federal Deposit Insurance Corp. announced earlier on Monday that First Citizens Bancshares Inc. (FCNCA) had entered a deal to assume all loans and deposits of Silicon Valley Bridge Bank, which was created by the FDIC following the closure of Silicon Valley Bank. First Citizens Bancshares' stock rose 53.7% on Monday.

See: First Citizens enters agreement to buy Silicon Valley Bridge Bank, says FDIC

Meanwhile, First Republic's (FRC) stock rose about 12%. Bloomberg reported that U.S. authorities are studying ways to enhance their emergency-lending ability for banks in a way that would buy more time for First Republic to stabilize a drop in deposits.

First Republic had lost 90% of its value in less than two weeks, hitting an all-time low of $12.18 a share last Monday amid jitters around its overlap with Silicon Valley Bank.

Hard-hit bank stocks are snapping back. PacWest Bancorp (PACW) climbed 3.5% and Zions Bancorp (ZION) rose 3.8%. First Horizon Corp. (FHN) moved up by 1.4% and Comerica Inc. (CMA) rose 5.4%.

The KBW Nasdaq Bank Index advanced by 2.5%, the Financial Select Sector SPDR exchange-traded fund (XLF) rose 1.2% and the SPDR S&P Regional Banking ETF (KRE) moved up by 0.9%.

Also Read: Fed raised concerns over SVB risk management as early as 2021, Vice Chair Barr says

Citi on Monday upgraded shares of M&T Bank Corp. (MTB) and KeyCorp (KEY) to buy, saying they offer an attractive risk/reward after an analysis of bank balance sheets. KeyCorp offers the largest benefit from repricing of fixed assets, which will help its profits in 2024 and 2025, Citi analyst Keith Horowitz said.

M&T Bank ranks as a "high-quality play and we see excellent value" for a bank that has peer-leading returns and the strongest capital position, he said.

Shares of KeyCorp rose 5.3%, while M&T Bank advanced by 2.6%.

BankUnited Inc. (BKU) rose 2.5% after Hovde upgraded the stock to outperform and set a fresh price target of $32 a share, saying it offers a "compelling entry point" at current levels.

"Recent conversations with [BankUnited] executive management indicate that deposit outflows have stabilized and, to date, have been centered in non-core segments within the finance/fiduciary verticals ... that were higher cost in nature," Hovde said. "Core relationship funding trends appear to be stable with [BankUnited] seeing inflows over recent days."

Shares of Silvergate Capital Corp. (SI) climbed14.5%.

Silvergate Capital is in the process of winding down operations at its subsidiary, Silvergate Bank, a crypto-friendly institution that got caught up in losses and troubles for the cryptocurrency market in recent months.

That news has has wiped 90% of the value off Silvergate Capital.

The FDIC had been trying to auction off Silicon Valley bank for about two weeks, since it became the largest U.S. bank to go bust since Washington Mutual in 2008.

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 27, 2023 16:37 ET (20:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.