Signature Bank (SBNY) reported fourth quarter net income available to common shareholders of $0.51 per share Tuesday morning, compared with $0.37 per share last year. The consensus estimate was for EPS of $0.36.
Signature Bank has been rising steadily since the open Tuesday and is now up 2.06 at $35.57 on above average volume. The stock has been gaining ground for the past week and a half and has broken out to a new high for the year.
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