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Browse: Home / MONEY / Stocks

What is the difference between multiple stocks available for a single company?

Jonathan: What is the difference between multiple stocks available for a single company?
Example: First Citizens Bank has 6 different stocks to choose from at different prices:

FCNCA
FCBN
FCZA
FIZN
FIZN
and they range from $ 4-$ 210
FCNCB

which stock is a true representation of the bank?

Answers and Views:

Answer by Jerry C
It is possible for a company to have multiple classes of common stock (ex: different voting rights) and to have one or more classes of preferred stock. The “truest representation” is the most actively traded class of common stock.

That is general background, but not the explanation regarding First Citizens. I looked at the first few and it appears that they are different banks, just with misleading similar names.

FCNCA = North Carolina
FCBN = South Carolina
FCZA = Ohio
FIZN = Tennessee

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