Signature Bank Got Hit by Silvergate’s Crisis. Wall Street Is Now a Bit More Cautious.

Shares in

Signature Bank

are being dragged down amid a financial crisis at

Silvergate Capital

another bank that has focused on clients in the cryptocurrency industry. Analysts are growing a bit more cautious on Signature stock.

Signature (ticker: SBNY) stock fell 2.7% on Thursday and the shares were down another 1% in U.S. premarket trading on Friday. While it’s nothing compared to

Silvergate

(SI) precipitous plunge—SI stock fell almost 58% to an all-time low in the previous session—sentiment on Signature seems to be taking a hit.

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