Will The Fed Move Win Back The FinTech Bulls Like It Has Stock Market Investors? [Forbes]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
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Source: Forbes
This week the Federal Reserve announced a 50bps interest rate cut taking the Fed Funds Target rate to 4.75 - 5 percent, the first cut in over four years, and signaling that the easing cycle has commenced. The announcement was one of the most anticipated and talked about in recent history. Coming off the back off sticky inflation, a softening labor market, and persistent global macro and political volatility, the market's anxiety for a soft landing was apparent - you could cut the tension with a knife. Many analysts were arguing for a 25pbs cut and notably, including Fed governor Michelle Bowman who dissented on the size of the cut, the first since 2005. "Part of the reason I had thought Committee would move 25bps was that it typically likes to move methodically with clear messaging to the market," said Michael P. Reinking, CFA, a senior market strategist at the New York Stock ExchaNge, "One of the risks to not messaging a larger cut in advance was that this would have caused vola
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FCNCA
Earnings
- 7/25/24 - Beat
FCNCA
Sec Filings
- 9/6/24 - Form 4
- 8/19/24 - Form 4
- 8/14/24 - Form S-3ASR
- FCNCA's page on the SEC website