Fears of Ravaged Commercial Real Estate Market Have Eased, DoubleLine Says [BNN Bloomberg (Canada)]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
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Source: BNN Bloomberg
The most “draconian” scenarios have been priced out of commercial mortgage-backed securities following the sudden unraveling of Silicon Valley Bank last March, according to DoubleLine portfolio manager Morris Chen. Just over a year later, capital markets are open and even borrowers in still-unpopular industries — such as the office space — have access to credit. That's a dramatically rosier picture than the backdrop a year ago, when the DoubleLine Commercial Real Estate ETF (ticker DCRE) launched into the eye of the storm. Last spring, no matter the location or underlying leases, most office loans were priced as if a three-year extension and a blanket loss of 60% severity was guaranteed, Chen said. Now, as the markets dial back expectations for the “worst possible outcome,” that means that investors need to spend more time finding mispriced opportunities. “There's more of this ‘sharpen your pencil' environment where investors are resetting their expectations,” Chen said in a phon
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- SVB Financial to Sell Venture Capital Business to Pinegrove [Yahoo! Finance]Yahoo! Finance
- SVB Financial to Sell Venture Capital Business to Pinegrove [BNN Bloomberg (Canada)]BNN Bloomberg
- SVB Financial to sell investment platform business SVB Capital [Yahoo! Finance]Yahoo! Finance
- SVB Financial to sell investment platform business SVB Capital [Reuters]Reuters
FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- 4/25/24 - Form 8-K
- FCNCA's page on the SEC website