Company Performance Update

First Citizens BancShares Inc-NC has experienced a moderate increase in its stock price over the past few months, followed by a decline. The company’s market capitalization remains substantial, indicating a strong financial position.

Climate Tech Sector Update

The company’s involvement in the climate tech sector through its division, Silicon Valley Bank (SVB), has shown signs of recovery. Venture capital is flowing into energy, manufacturing, and carbon tech. Climate tech funds are outperforming overall venture capital, with a higher internal rate of return.

Key Metrics and Investor Focus

The company’s quarterly earnings are expected to be a key focus for investors. Wall Street analysts will provide insights on key metrics. Specific details on the earnings are not provided.

Notable Trends

• Climate tech funds are outperforming overall venture capital, with a higher internal rate of return.
• Venture capital is flowing into energy, manufacturing, and carbon tech.
• The company’s involvement in the climate tech sector is showing signs of recovery.