Overreaction to bank failure might cause discount
LC seems to be a pretty good buy already with a P/E of 3.17 and a P/B of 0.82
with the news that the bank failed that had only $21M of the $8B that makes up LC some might panic and sell their shares that have already been declining.
with the news that the bank failed that had only $21M of the $8B that makes up LC some might panic and sell their shares that have already been declining.
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i can't link link's but the bank failure is "Silicon Valley Bank" which is a tech venture capital bank that failed.
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the filing is on EDGAR for the 21M thing as well as the 8B estimate