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Tag: Financial Select Sector SPDR ETF

First Citizens reports .5 bln profit on Silicon Valley Bank acquisition

First Citizens reports $9.5 bln profit on Silicon Valley Bank acquisition

May 10, 2023May 10, 2023 · Breaking News

First Citizens Bancshares Inc. FCNCA on Wednesday reported a first-quarter profit of $9.5 billion, or $653.64 a share, up sharply from a year-ago profit of $264 million, or…

Read more First Citizens reports $9.5 bln profit on Silicon Valley Bank acquisition
Wall Street bonuses fall by the most since 2008 as policy makers mull economic impact

Wall Street bonuses fall by the most since 2008 as policy makers mull economic impact

March 30, 2023March 30, 2023 · Breaking News

Wall Street bonuses fell 26% in 2022, the largest drop since the collapse of Lehman Brothers in 2008, as New York state and city officials dial back their…

Read more Wall Street bonuses fall by the most since 2008 as policy makers mull economic impact
U.S. bank stocks end with solid gains as 11 banks pledge  billon to First Republic

U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First Republic

March 16, 2023March 16, 2023 · Breaking News

U.S. bank stocks ended regular trading with solid gains on Thursday, as banks announced a $30 billion deposit capital infusion for First Republic Bank and as Treasury Secretary…

Read more U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First Republic
First Republic and Western Alliance pace big rebound in regional-bank stocks after huge losses

First Republic and Western Alliance pace big rebound in regional-bank stocks after huge losses

March 14, 2023March 14, 2023 · Breaking News

Shares of regional banks posted big gains on Tuesday as they regained their footing after huge losses in the previous session, but volatility continued in the sector following…

Read more First Republic and Western Alliance pace big rebound in regional-bank stocks after huge losses
Western Alliance and First Republic clobbered as regional bank jitters persist despite Fed backstops

Western Alliance and First Republic clobbered as regional bank jitters persist despite Fed backstops

March 13, 2023March 14, 2023 · Breaking News

Trading in shares of First Republic Bank and Western Alliance Bancorp ended sharply lower in a tough day of trading for regional banks as fears over bank solvency…

Read more Western Alliance and First Republic clobbered as regional bank jitters persist despite Fed backstops
Democratic incumbent Warnock wins Georgia’s Senate runoff election — here’s why it matters

Democratic incumbent Warnock wins Georgia’s Senate runoff election — here’s why it matters

December 6, 2022December 6, 2022 · Breaking News

Democratic Sen. Raphael Warnock of Georgia has defeated his Republican challenger Herschel Walker in their closely watched runoff election, according to an Associated Press projection.  While Democrats already had…

Read more Democratic incumbent Warnock wins Georgia’s Senate runoff election — here’s why it matters
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