Birkoa CIO Pranjit Kalita Announces Regional Bank Investment Strategy [Yahoo! Finance]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
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Source: Yahoo! Finance
Amidst a rapidly evolving financial landscape, the Birkoa Max fund's CIO Pranjit Kalita utilized astute data analysis to develop an investment strategy during the collapse of Silicon Valley Bank in March of 2023. Credit: Avinash Kumar Regional banks, integral to local economies across the United States, faced unprecedented turmoil following the insolvency of Silicon Valley Bank, a linchpin for the tech-driven ecosystem. This resulted in depositors rushing to withdraw funds from regional banks, triggering a decline in stock prices. Pranjit Kalita's analysis of the situation and proactive approach proved instrumental in positioning Birkoa's Max fund for success. Recognizing the interplay of monetary policy and market sentiment, Pranjit Kalita anticipated a pivot from the U.S. Federal Reserve, betting on a decline in the pace of interest rate hikes to alleviate pressure on regional banks. "In the wake of this event happening, I determined that the Federal Reserve would have to slow
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FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 5/6/24 - Form 8-K
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- FCNCA's page on the SEC website