First Citizens BancShares, Inc. (FCNCO)
| Previous Close | 24.61 |
| Open | 24.68 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 24.43 - 24.68 |
| 52 Week Range | 19.26 - 24.83 |
| Volume | |
| Avg. Volume | 22,796 |
| Market Cap | N/A |
| Beta (5Y Monthly) | 0.81 |
| PE Ratio (TTM) | 0.43 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.41 (5.74%) |
| Ex-Dividend Date | Aug 30, 2024 |
| 1y Target Est | N/A |
- Zacks
Earnings Preview: First Citizens BancShares (FCNCA) Q3 Earnings Expected to Decline
First Citizens (FCNCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Yahoo Finance Video
Regional bank earnings: Who will benefit from lower rates?
While Big Banks continue to report third quarter earnings — notably Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C) today — let's not forget about the regional banks. Wedbush Securities managing director of equity research David Chiaverini lists some of his top picks for the regional banking sector amid earnings season, ranging from Comerica Inc. (CMA) to Western Alliance Bancorp. (WAL) and M&T Bank (MTB). "So we're really interested in the liability-sensitive banks here. And those are banks that should benefit from a lower interest rate environment," Chiaverini explains to Seana Smith and Brad Smith. When taking interest rates into account ahead of bank earnings, Chiaverini does "expect this rerating to continue." "And while lower interest rates, when you kind of zoom out, is normally not good for financials. But given the impact on credit quality, I think that's giving investors, as well as analysts like myself, become more constructive on the banks because they've been trading at discounts to historical multiples." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
