First Citizens BancShares Stock News

One man's loss is another man's gain, or so the saying goes. As the fallout from last month's collapse of SVB continues to ripple through the marketplace, perhaps the saying has never been truer.

UBS analyst Brody Preston lifts his recommendation on shares of First Citizens to Buy from Sell.

In recent years, COVID and a ZIRP (Zero Interest Rate Policy) caused out-of-control inflation to swerve the economy in the wrong direction. However, the Federal Reserve and its Chairman, Jerome Powell

On March 10, 2023, the world woke up to a big problem. One of the nation's largest banks, Silicon Valley Bank had failed, bringing a sobering realization: most banks are sitting on massive unrealized

Plus, Michael Kehoe, CEO of Kinsale Capital Group, talks about the specialty insurance landscape.

Here are seven major companies whose stocks moved on the week's news

Regulator Federal Deposit Insurance Corporation (FDIC) exercised its equity appreciation right in First Citizens BancShares Inc stock worth $500 million as part of a deal for the regional lender to bu

Piper Sandler's Stephen Scouten discusses the financial sector's underperformance this quarter.

Fund investors were net purchasers of money market funds while being net redeemers of equity funds, taxable bond funds, and tax-exempt fixed income funds for the week. On the domestic equity side of t

As March 2023 comes to a close, we observe four new preferred stock / ETD offerings during the month, with yields ranging from 6.625% to 9.5%. Here is a comparison against the highest quality preferre

The discount on the assets makes the deal immensely accretive to First Citizens' tangible book value and earnings power. First Citizens is also getting new businesses that have performed very well in

The headlines are scary, areas of the market are volatile, and the future is always uncertain. However, investors who can look beyond the obvious and go against the crowd will likely have the upper ha

Silicon Valley Bank went under on March 10 after a run on deposits. It couldn't cover outflows because so much depositor money was tied up in long-term bonds that lost value as interest rates rose.

First Citizens BancShares, Inc. trades at 70% of book after the recent run up. During normal times, First Citizens has traded for 1.5 times book value.

Shares of First Citizens BancShares Inc climbed to a record high on Tuesday, extending gains for a second day after scooping up the assets of failed peer Silicon Valley Bank.