Goldman Sachs analyst Ryan Nash initiated coverage of First Citizens with a Buy rating and $1,950 price target, which represents 23% upside. First Citizens is a leading regional bank offering a variety of banking services to commercial and consumer customers across its four segments, the analyst tells investors in a research note. The firm sees the bank as well positioned to deliver low-to-mid teens returns over time, driven by above-peer loan growth which will help drive better net interest income growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FCNCA:
- Bad News for First Citizens BancShares, Inc. Class A Stock: This New Risk Has Been Added
- First Citizens transferred with Outpeform rating at Keefe Bruyette
- First Citizens price target raised to $1,850 from $1,750 at Piper Sandler
- First Citizens BancShares Clarifies Regulation FD Disclosure
- Options Volatility and Implied Earnings Moves Today, January 26, 2024
