Big US banks withstand Fed's commercial real estate shock scenario [Yahoo! Finance Canada]
First Citizens BancShares, Inc. - Class A (FCNCA)
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Source: Yahoo! Finance Canada
Federal Reserve's annual health test, easing fears about the banking sector as landlords struggle in a higher-for-longer interest rate world. As risks mount in the CRE space, investors were looking to the Fed's "stress tests" to assess how exposed America's lenders are at a time when pandemic-era work habits continue to empty office towers, sending vacancy rates past historic peaks to a record 20%. “In a lot of respects, there should be a sense of comfort that banks can weather a very nasty storm,” said Chris Marinac, head of research at Janney Montgomery Scott. "Though this doesn't mean the Fed thinks commercial real estate is out of the woods. It's still early innings in this credit cycle.” ADVERTISEMENT The Fed's emergency drill tests banks' balance sheets against an imagined severe economic downturn that also includes a 36% decline in U.S. home prices, a 55% drop in equity prices and an unemployment rate of 10%. The results, released on Wednesday by the Fed, examine whet
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News
- Balance Point Announces Two New Hires Across Investment and Portfolio Management Teams [Yahoo! Finance]Yahoo! Finance
- Big US banks withstand Fed's commercial real estate shock scenario [Yahoo! Finance]Yahoo! Finance
- First Citizens Bank Provides $52 Million in Financing for Egret Point Logistics Center in Boynton Beach, Florida [Yahoo! Finance]Yahoo! Finance
- First Citizens Bank Provides $52 Million in Financing for Egret Point Logistics Center in Boynton Beach, FloridaPR Newswire
- Learning From Fintech Companies To Empower Consumers Seeking Credit [Forbes]Forbes
FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 6/12/24 - Form 4
- 6/7/24 - Form SC
- 6/4/24 - Form 4
- FCNCA's page on the SEC website