By Sabela Ojea

 

Shares of Silvergate Capital Corp. on Tuesday climbed after BlackRock Inc. disclosed a 7.2% stake in the bank.

At 15:02 E.T., shares were up 6.2% at $13.76.

The stock is down 85% in the past six months. The La Jolla, Calif., bank held about $1 billion of its deposits from the FTX crypto exchange and its affiliates, which collapsed in November.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

January 31, 2023 15:34 ET (20:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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Grafico Azioni Silvergate Capital (NYSE:SI)
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Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Silvergate Capital