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Forecast

The analysts' average price target is €245.97 (+342,000.14%). The median is €258.37 (+359,246.31%).

Buy	21
Hold	6
Sell	0

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U.S. appeals court revives shareholder lawsuit against Signature Bank

A three-judge panel of the 2nd U.S. Circuit Court of Appeals ruled that the FDIC's 2023 receivership of Signature Bank did not extinguish shareholders' right to sue, rejecting the regulator's reliance on a 1989 succession clause. Shareholders led by Sjunde AP-Fonden accused seven former Signature executives, directors and auditor KPMG of misrepresenting the bank's liquidity risks and inflating its share price. The appeals court returned the case to U.S. District Judge Frederic Block; the decision did not address the merits of the fraud claims. » More on finance.yahoo.com
Former Signature Bank executives launch N3XT, a blockchain-based bank for 24/7 USD payments

N3XT, founded by Scott Shay with Jeffrey Wallis as CEO, will operate under a Wyoming special-purpose bank charter to enable instant, around-the-clock U.S. dollar payments for digital asset clients. The bank will not lend, hold every deposit fully backed by cash or short-term U.S. Treasuries, and publish its reserve holdings daily; it will not be FDIC insured. N3XT's reserves will be held with custodial partners and the firm says its risk management differs from Signature's approach that preceded its 2023 failure. » More on finance.yahoo.com

Historical dividends Dividends

All dividend metrics All metrics

In 2023, Signature Bank has already paid €0.65 in dividends. The last payout was in February 2023.

Financials

In the last year, Signature Bank had revenue of €3.46bn and net profit of €1.25bn

(EUR)	2022	YoY
Revenue	3.46bn	70.23%
Gross profit	2.44bn	42.20%
Net profit	1.25bn	54.33%
EBITDA	1.66bn	48.62%

Fundamentals

Metric	Value
Market capitalization	€4.53m
Number of shares	62.97m
52-week high/low	€1.35 - €0.000899
Dividends	No
Beta	6.90
P/E ratio	0.00
PEG ratio	0.00
P/B ratio	0.00
P/S ratio	0.00

Company profile

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and investment products; and retirement products, such as individual retirement accounts and administrative services for retirement vehicles. Further, the company provides wealth management services to its high net worth personal clients; and purchases, sells, and assembles small business administration loans and pools. Additionally, it offers individual and group insurance products, including health, life, disability, and long-term care insurance products for business and private clients. As of December 31, 2021, the company operated 37 private client offices located in the metropolitan New York area, Connecticut, California, and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.