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JPMorgan Chase & Co. (NYSE:JPM) downgraded crypto-focused bank Silvergate Capital (NYSE:SI) on Friday from overweight to neutral. The bank also lowered According to the latest research report on Friday, Silvergate Capital has been downgraded from overweight to neutral by JPMorgan. Silvergate Capital (SI) witnessed worse-than-expected deposit outflows in the fourth quarter and the financial impacts of these outflows will have implications on long-term JPMorgan Chase (JPM) downgraded Silvergate to neutral from overweight and lowered its price target from $30 to $14. A JPMorgan Chase research report released on Friday showed - Silvergate Capital has an average rating of outperform and price targets ranging from $14 to $40, according to analysts polled by Capital IQ. Price: 11.49, Change: -1.08, Percent Change: J.P. Morgan downgraded its rating on the stock from overweight to neutral and slashed its price target to $14 from $30. Bank of America downgraded its rating on the Silvergate Capital (NYSE: SI) stock tumbled 11% in Friday premarket trading, extending the outsized slide from the prior session, as JPMorgan analyst Steven Alexopoulos J.P.Morgan analysts downgraded Silvergate Capital to neutral from overweight and cut their price target on the stock to $14 from $33. Analysts noted that the company’s $4.7 billion reduction in

JPMorgan Downgrades Silvergate Capital (SI) to Neutral: What It Means for Investors

Silvergate Capital (NYSE:SI), a crypto-focused bank, is facing headwinds after JPMorgan Chase & Co. (NYSE:JPM) downgraded its rating on the stock on Friday. J.P. Morgan downgraded its rating on the stock from overweight to neutral and slashed its price target to $14 from $30.

JPMorgan Chase Downgrade Details: From Overweight to Neutral

According to the latest research report on Friday, Silvergate Capital has been downgraded from overweight to neutral by JPMorgan. A JPMorgan Chase research report released on Friday showed - Silvergate Capital has an average rating of outperform and price targets ranging from $14 to $40, according to analysts polled by Capital IQ.

J.P.Morgan analysts downgraded Silvergate Capital to neutral from overweight and cut their price target on the stock to $14 from $33. Previously, the price target sat much higher, reflecting a significantly more optimistic outlook.

Why the Downgrade? Deposit Outflows and Financial Impacts

Silvergate Capital (SI) witnessed worse-than-expected deposit outflows in the fourth quarter, and the financial impacts of these outflows will have implications on long-term performance. Analysts noted that the company’s $4.7 billion reduction in deposits significantly impacted their outlook.

The lowered price target from $30 to $14 reflects these concerns about future earnings and growth potential. JPMorgan Chase (JPM) downgraded Silvergate to neutral from overweight and lowered its price target from $30 to $14.

Silvergate Capital Stock Performance

Silvergate Capital (NYSE: SI) stock tumbled 11% in Friday premarket trading, extending the outsized slide from the prior session, as JPMorgan analyst Steven Alexopoulos commented on the downgrade. Price: 11.49, Change: -1.08, Percent Change: Reflecting investor concern, Bank of America also downgraded its rating on the Silvergate Capital (NYSE: SI) stock.

What Does the JPMorgan Downgrade Mean for Investors?

The JPMorgan downgrade to neutral suggests a more cautious approach to Silvergate Capital's stock. Investors should carefully consider the deposit outflows and their potential long-term impacts on the company's financial health. While Silvergate Capital still has some analysts who maintain an outperform rating, the JPMorgan downgrade indicates increasing uncertainty in the crypto banking sector.

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