New Preferred Stock IPOs, March 2020 [Seeking Alpha]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: Seeking Alpha
SummaryDue to the COVID-19 panic, 123 high-quality preferred stocks (investment grade, cumulative dividends) are now selling for an average price of $24.15, offering an average current yield of 5.8 percent.98 of these high-quality preferreds are now priced below their $25 par value, selling for an average price of $23.52 per share.Overall, U.S.-traded preferred stocks are now returning an average current yield of 9.1 percent.With the cost of money so volatile throughout March, only one new preferred stock was issued during the month.March delivered the best buying opportunity to preferred stock investors that we have seen since 2008. Where value investors (common stock) make their money from an increase in the market price of their shares (buy low, sell high), income investors (preferred stocks, bonds) make their money from the regular dividends that these securities pay. For income investors, accumulating dividend-paying shares for the best available price (and lowest risk) is the ob
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FCNCA
News
- Adani Shock Exposes ESG Fund Managers Clinging to ‘Terrible' Bet [Yahoo! Finance Canada]Yahoo! Finance Canada
- Adani Shock Exposes ESG Fund Managers Clinging to ‘Terrible' Bet [Yahoo! Finance]Yahoo! Finance
- Pivot Energy Secures Over $450 Million in Major Financing of Distributed Generation Portfolios from First Citizens, ATLAS SP, and HASI [Yahoo! Finance]Yahoo! Finance
- Pivot Energy Secures Over $450 Million in Major Financing of Distributed Generation Portfolios from First Citizens, ATLAS SP, and HASIPR Newswire
- Banks’ compensation models need work: FSB [Investment Executive - News]Investment Executive - News
FCNCA
Earnings
- 10/24/24 - Miss
FCNCA
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 144
- FCNCA's page on the SEC website