What happened The stock market was having a strong day on Friday, with all three major indexes in the green a couple of hours into the trading session. However, SVB Financial Group (NASDAQ: SIVB) was a major standout, with shares up by 12% at 11:15 a.m. EDT. So what As you might expect given that we're in the middle of earnings season, SVB's move today is driven by its latest results. The bank's earnings didn't just exceed expectations -- at $10.03 per share, they were the best in the bank's history. Image source: Getty Images. What's more, the tech-focused bank reported a record level of profitability as well, with a jaw-dropping 27% return on equity. Assets grew by 90% year over year, and total client funds of $288 billion reflected a 71% increase. Even net interest income came in higher than expected, despite the persistent low-rate environment. The results aren't too shocking, since private equity investment has been extremely strong, as have the IPO markets. But these results were better than analysts thought we would see, and by a wide margin. And the bank's CEO says the company sees "significant tailwinds for growth in the innovation economy," which could help drive even more growth going forward. Now what SVB Financial's business seems to be firing on all cylinders, and that's why we're seeing the stock jump higher. Analysts seem to agree -- several major firms increased their price targets following the announcement, and if the company keeps up its recent growth trajectory, there could be quite a bit of upside potential from here. 10 stocks we like better than SVB Financial GroupWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and SVB Financial Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 SVB Financial provides credit and banking services to The Motley Fool. Matthew Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends SVB Financial Group. The Motley Fool has a disclosure policy.Source