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Stock impact report

FCNCN: A 6.625% Fixed Rate -Reset Preferred IPO From First Citizens BancShares [Seeking Alpha]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Seeking Alpha
FCNCA's capital structure remains robust, with CET1 at 11.15% and preferred dividends well covered by common distributions. Consensus forward rates imply a potential dividend increase to 7.64% if not called, but market conditions and credit spreads could impact future pricing. FCNCN appears fairly priced relative to peers. I prefer to wait for undervaluation before initiating a position. Trade With Beta members get exclusive access to our real-world portfolio. See all our investments here » JHVEPhoto/iStock Editorial via Getty Images Co-authored by Relative Value. Overview This is yet another one of our series of articles targeting new fixed-income securities on the exchange. This time, our attention will be focused on First Citizens BancShares' ( FCNCA ) recent addition to the exchange - the More on my IG service Trade With Beta At Trade With Beta, we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial Show less Read more
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