SVB Financial Bonds Rise After $600 Million Cut to Tax Bill [BNN Bloomberg (Canada)]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: BNN Bloomberg
The Internal Revenue Service agreed to reduce one of its tax claims from about $649 million to $43 million, according to court papers. The substantial reduction is related to resolution of a dispute over SVB Financial's use of a “mark-to-market” accounting method to value certain financial products. Some bonds tied to SVB were among the biggest gainers in high-yield debt trading Monday. The company's 1.8% notes due 2026 rose as much as 2.625 cents on the dollar to 63.625 cents, according to Trace. SVB Financial lawyer Christian Jensen said during a Monday bankruptcy hearing in New York that the IRS has agreed to continue discussing other matters that are unrelated to the mark-to-market dispute. However, none of the remaining matters “are of the same magnitude as the mark-to-market issue that posed a barrier to implementation of the debtor's plan,” Jensen said. The holding company is working on a finalizing a bankruptcy plan that would see it repay bondholders and other creditor
Show less
Read more
Impact Snapshot
Event Time:
FCNCA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FCNCA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FCNCA alerts
High impacting First Citizens BancShares, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
FCNCA
News
- Chinese government bonds are on fire. That's ringing alarm bells in Beijing [Yahoo! Finance]Yahoo! Finance
- Chinese government bonds are on fire. That's ringing alarm bells in Beijing [CNN]CNN
- Fearing a bank crisis, China is sounding the alarm about a bond market bubble [CNN]CNN
- First Citizens BancShares, Inc. Announces Date of 2024 Second Quarter Earnings CallPR Newswire
- First Citizens BancShares, Inc. (NASDAQ: FCNCA) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating. They now have a $1,900.00 price target on the stock.MarketBeat
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