European markets are heading for a mixed open Tuesday, with investors awaiting the start of the U.S. Federal Reserve's latest monetary policy meeting.
The bank said that included a $2.1 billion reversal of an impairment related to a planned sale of its retail banking operations in France and a provisional gain of $1.5 billion on its acquisition of Silicon Valley Bank's U.K. arm.
"We remain focused on continuing to improve our performance and maintaining tight cost discipline, but we also saw an opportunity to invest in SVB UK to accelerate our growth plans," CEO Noel Quinn said in the release, calling Silicon Valley Bank UK a "natural fit" for the bank.CNBC Pro: Analyst Mark Mahaney shares his top two tech stock picks, giving one 152% upside
While other markets have been volatile this year, tech has rallied — the Nasdaq is up 16% in the year to date. Top tech analyst Mark Mahaney of Evercore ISI is giving one tech stock further upside of almost 50%, saying it has a "super attractive" valuation.
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