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Crypto Bank Silvergate Downgraded by JPMorgan, Canaccord Amid Doubts of Firm’s Solvency

JPMorgan cut its rating on the stock to "underweight" from "neutral" and withdrew its price target.

Na-update May 9, 2023, 4:09 a.m. Nailathala Mar 2, 2023, 1:28 p.m. Isinalin ng AI
Silvergate Capital received two downgrades on concerns about its ability to survive. (CoinDesk)
Silvergate Capital received two downgrades on concerns about its ability to survive. (CoinDesk)