Keefe Bruyette upgraded First Citizens (FCNCA) to Outperform from Market Perform with a $2,500 price target The firm said that Friday’s stronger jobs report, December’s “hawkish cut,” a -7% pullback in the stock, and revised 2025 now 6% above consensus collectively allow it to tactically add higher-for-longer bank exposure. The company’s next earnings report, out January 24, will be the catalyst for a positive 2025 NII surprise, the analyst tells investors in a research note.
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