Stock of the Day

First Citizens BancShares (FCNCA)

$1,814.09

-$14.40 (-0.8%)

Market Cap: $24.11B

About First Citizens BancShares

First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals.

The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

First Citizens BancShares Bull Case

Here are some ways that investors could benefit from investing in First Citizens BancShares, Inc.:

• The current stock price is around $2,400, reflecting strong market interest and potential for growth.
• Recent earnings reports indicate a solid performance, with earnings per share surpassing estimates, showcasing the company's profitability.
• Analysts have a consensus rating of "Moderate Buy," suggesting positive sentiment and potential for price appreciation.
• The company has a history of paying dividends, with a recent quarterly dividend of $1.95 per share, providing income to investors.
• First Citizens BancShares, Inc. has a robust net margin and return on equity, indicating efficient management and strong financial health.

First Citizens BancShares Bear Case

Investors should be bearish about investing in First Citizens BancShares, Inc. for these reasons:

• Some analysts have downgraded their ratings, indicating mixed opinions on the stock's future performance.
• The stock has experienced fluctuations, with a 1-year low of around $1,473, suggesting potential volatility.
• Market conditions can impact banking stocks, and economic uncertainties may pose risks to future earnings.
• With a relatively low dividend yield of 0.42%, income-focused investors may find more attractive options elsewhere.
• Recent target price reductions by analysts could indicate concerns about the company's growth prospects.