Explore the robust Q1 performance and strategic financial maneuvers of First Citizens BancShares Inc (FCNCA).
(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.