Banks With Highest Uninsured Deposit Balances

Company	Symbol	Uninsured deposits / domestic deposits (higher is riskier)	Loans and held-to-maturity securities / total deposits (higher is riskier)	YTD % change
Bank of New York Mellon	BK	96.5%	31.2%	-0.1%
SVB Financial Group	SIVB	93.9%	94.4%	-53.9%
State Street	STT	91.2%	40.1%	-1.8%
Signature	SBNY	89.7%	93.3%	-39.2%
Northern Trust	NTRS	83.1%	54.5%	-3.1%
Citigroup	C	77.0%	64.6%	4.3%
HSBC Holdings	HSBA	72.5%	47.4%	11.9%
First Republic Bank	FRC	67.7%	110.6%	-69.1%
East West Bancorp	EWBC	65.9%	91.1%	-13.9%
Comerica	CMA	62.5%	72.8%	-36.6%

Sources: S&P Global Market Intelligence

Silicon Valley Bank collapses after failing to raise capital

Regional banks are feeling the heat today after SVB Financial's (SIVB) liquidity crunch led to the bank's collapse.

Charts:

• day's change (asc)
• market cap

(charts Fri March 10, 23)

Banking stocks continued to sell off after SVB Financial's (SIVB) liquidity crunch led to the bank's collapse. Regulators Friday shut down the parent company of Silicon Valley Bank after a run on what had been the bank of choice for tech venture capitalists. Deposits dwindled as rising interest rates dried up deals and clients burned through more cash.

SVB's collapse is the second largest FDIC-insured bank to fail after Washington Mutual's collapse in 2008, according to Dow Jones Market Data. SVB had $212 billion in assets; Washington Mutual had $307 billion, or $420 billion adjusted for inflation.

Argentina's economy seen contracting for 5th time in 8 years

Nasdaq 100 on pace for best January since 1999

The Nasdaq 100 Stock Index is on pace for its best January since 1999 despite warning signs from the likes of Microsoft Corp. and Intel Corp. and another expected interest-rate hike from the Federal Reserve. The Cboe Volatility Index sank within striking distance of a 10-month low on Friday, signalling less angst in the market. Meanwhile, options trading on megacaps last week showed demand hasn’t jumped for protection against a selloff.

(live chart)

Highest Yielding Dividend Aristocrats

Three stocks, C.H. Robinson Worldwide (CHRW), Nordson (NDSN) and J.M. Smucker (SJM), will join the storied S&P 500 Dividend Aristocrats on Feb. 1.

Those paying highest yields, with newest index additions shown for comparison.

Company	TICKER	SECTOR	Years of dividend increases	Dividend yield
VF	VFC	Consumer Discretionary	50	6.8%
Walgreens Boots Alliance	WBA	Consumer Staples	47	5.3
3M Company	MMM	Industrials	60	5.3
International Business Machines	IBM	Information Technology	27	4.7
Realty Income	O	Real Estate	28	4.4
Amcor	AMCR	Materials	39	4.2
T. Rowe Price Group	TROW	Financials	36	4.1
Essex Property Trust	ESS	Real Estate	28	4.1
Franklin Resources	BEN	Financials	41	4.0
AbbVie	ABBV	Health Care	50	4.0
J.M. Smucker *	SJM	Consumer Staples	25	2.7
C.H. Robinson Worldwide*	CHRW	Industrials	25	2.3
Nordson*	NDSN	Industrials	42	1.1

Sources: S&P Global Market Intelligence, IBD, * — new index additions

Brazilian stocks outperforming US equities

 

Emerging-market stocks rise to six-month high vs S&P 500

• MSCI Index hands 19% excess returns over S&P 500 since October
• China reopening, weaker dollar key reasons for outperformance

Emerging-market stocks extended their lead over US shares in the early days of the new year, with the equity benchmark rising to a six-month high against the S&P 500 Index.

The MSCI Emerging Markets Index has advanced 3% this week, compared with a 0.8% decline in the US gauge, continuing a turnaround that began in recent months following its worst annual losses since the 2008 global financial crisis. China’s reopening, a softer dollar, and signs of easing global inflation have been spurring gains, leading the gauge to rise Friday for a fourth day to its highest since August.