Truist raised the firm’s price target on First Citizens (FCNCA) to $2,384 from $2,303 and keeps a Hold rating on the shares after its Q4 earnings beat. The firm is citing higher than expected net interest income, slightly lower adjusted expenses, and lower net charge-off rates than it had modeled. Truist is also raising its FY26 EPS view to $190.69 from $185.45.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCNCA:
- First Citizens BancShares: Earnings Call Highlights Growth and Challenges
- First Citizens price target raised to $2,250 from $2,100 at Piper Sandler
- First Citizens price target raised to $2,600 from $2,500 at Keefe Bruyette
- First Citizens price target raised to $2,568 from $2,456 at Barclays
- First Citizens BancShares Reports Strong Q4 2024 Results