From Financial Modeling Prep: 2024-11-19 07:49:00

Citi analysts raised their price target for First Citizens BancShares (NASDAQ:FCNCA) to $2,350 with a Neutral rating due to revised cost of equity assumptions. Bank stock valuations have shifted to a more balanced level, driven by positive election outcomes and economic optimism. Despite being a top performer, FCNCA’s premium valuation limits short-term upside potential.

First Citizens BancShares (NASDAQ:FCNCA) has seen strong performance in 2023, but 2025 EPS estimates have declined by 19% this year. With a cost of equity of 9.7% and premium valuation compared to peers, near-term upside is limited. While long-term prospects are positive, Citi remains neutral on the stock for now due to a balanced risk-reward profile.



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