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.
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