Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?
An effective yield of 9.8% means that you are earning 9.8% even though the bank is earning 13%.
And you got to think of whether 9.8% is reasonable enough. In a way, if we are thinking about investing in FCNCA, it feels… there has never been a cheaper time, aside from 2022 then today.
What is the Price Earnings Ratio?
Since we happen to be on the topic of valuation, here is the historical PE:
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