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David Einhorn's Greenlight Capital stayed committed to the turbulent regional banking industry in the fourth quarter, adding positions in New York Community Bancorp. (NYCB) and First Citizens BancShares (FCNCA).
Although the revenue and EPS for First Citizens (FCNCA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Citizens BancShares (FCNCA) came out with quarterly earnings of $46.58 per share, missing the Zacks Consensus Estimate of $48.49 per share. This compares to earnings of $20.94 per share a year ago.
First Citizens (FCNCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RALEIGH, N.C. , Jan. 4, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the fourth quarter and year ended Dec. 31, 2023, before the U.S. financial markets open on Friday, Jan. 26, 2024.
Analyst-recommended bank stocks - First Citizens BancShares (FCNCA) and Wintrust Financial (WTFC) - can be considered for 2024 on solid prospects despite near-term headwinds.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
First Citizens Bankshares is a Southeast regional bank with a strong history of organic growth and strategic acquisitions. The recent acquisitions of CIT Group and Silicon Valley Bank have expanded FCNCA's reach and diversified its revenue streams. FCNCA offers an attractive valuation compared to its peers and is poised for strong growth in 2024 through integration, regional economic strength, and focus on specialty banking.
IBD Stock Of The Day: First Citizens BancShares is actionable near record highs as its Silicon Valley Bank purchase fuels a major rally.
Unlike most of the industry, 3 banking juggernauts grew stronger during the recent banking crisis. Stock Strategist Andrew Rocco unveils the 3 strongest banks that benefit from acquisitions.