Previous close | 1,639.63 |
Open | 1,638.70 |
Bid | 1,791.47 x 100 |
Ask | 1,809.11 x 100 |
Day's range | 1,634.91 - 1,809.52 |
52-week range | 945.32 - 1,809.52 |
Volume | |
Avg. volume | 82,164 |
Market cap | 25.905B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 2.29 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 6.56 (0.40%) |
Ex-dividend date | 28 Feb 2024 |
1y target est | N/A |
(Bloomberg) -- First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, rose after boosting its guidance for lending income for 2024 given expectations for fewer interest rate cuts by the Federal Reserve.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsHow to Get a
The headline numbers for First Citizens (FCNCA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and started seeing benefits of its acquisition of failed Silicon Valley Bank (SVB) last year. The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year. Through SVB's large network of relationships with entrepreneurs, tech companies and VCs, it handled capital market transactions and provided banking services for companies while also serving personal accounts.