Elliott-backed life insurer draws takeover interest in Wall Street's hottest corner [Yahoo! Finance]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: Yahoo! Finance
and JAB, with a potential deal valuing the company at $3-4 billion. The interest is part of a larger trend of Wall Street firms seeking to acquire insurance and retirement businesses, which generate long-term cash that can be invested. Firms like Apollo, Blackstone, and KKR are betting they can invest policyholders' money more profitably than traditional insurers, but critics warn of higher risks and potential negative consequences for Americans' retirements. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No The Scoop Private investment firms are circling a major life insurer, intensifying a race for Americans' nest eggs. Prosperity Life, owned by Elliott Management, held sale talks this month with potential buyers including TPG and European investment firm JAB, people familiar
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News
- Exclusive-Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say [Yahoo! Finance]Yahoo! Finance
- An Invisible Majority: Finding Financing For Small Businesses [Forbes]Forbes
- First Citizens BancShares, Inc. (NASDAQ: FCNCA) was downgraded by analysts at Citigroup Inc. from a "strong-buy" rating to a "hold" rating.MarketBeat
- China Pushes Back Against Bond Frenzy, Sends Yields Climbing [Yahoo! Finance Canada]Yahoo! Finance Canada
- US bank regulator considering legal action against former SVB executives [Yahoo! Finance]Yahoo! Finance
FCNCA
Earnings
- 10/24/24 - Miss
FCNCA
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- FCNCA's page on the SEC website