Skip to main content

Market Overview

First Citizens Bancshares Among 'Biggest Potential Winners' Of US Elections, Says Bullish Analyst

Share:
First Citizens Bancshares Among 'Biggest Potential Winners' Of US Elections, Says Bullish Analyst

First Citizens Bancshares Inc (NASDAQ:FCNCA) shares have climbed more than 50% year to date.

The company is one of the "biggest potential winners" after the U.S. presidential elections, according to Deutsche Bank.

Analyst Bernard von-Gizycki initiated coverage of First Citizens Bancshares with a Buy rating and a price target of $2,600.

The First Citizens Bancshares Thesis: First Citizens has been a "serial acquirer" and is poised to benefit from the pro-growth, pro-business environment as it supports an uptick in bank M&A (mergers and acquisitions), von-Gizycki said in the initiation note.

Check out other analyst stock ratings.

5 Reasons For Optimism, Says Analyst

  1. First Citizens is poised to benefit from "a likely more favorable backdrop starting in 2025 and should benefit from deregulation efforts.”
  2. It is well positioned to benefit from a ramp-up in capital markets activity, which will drive loan growth in the SVB Commercial segment.
  3. The company's capital levels are strong, which supports share repurchases
  4. There is an upside to the current net interest income estimates, "given asset sensitivity and moderating rate cut assumptions."
  5. First Citizens has balance sheet flexibility to navigate different rate environments.

FCNCA Price Action: Shares of First Citizens Bancshares are down 0.23% to $2,191.54 at the time of publication on Monday.

Read More:
Trump Trade Sparks Biggest Financial Stock Inflows In 2 Years

Photo: Courtesy First Citizens

Latest Ratings for FCNCA

DateFirmActionFromTo
Feb 2022Piper SandlerInitiates Coverage OnOverweight
Aug 2021Janney Montgomery ScottInitiates Coverage OnBuy
Feb 2021DA DavidsonInitiates Coverage OnBuy

View More Analyst Ratings for FCNCA

View the Latest Analyst Ratings

 

Related Articles (FCNCA)

View Comments and Join the Discussion!

Posted-In: bank stocks bankingAnalyst Color Long Ideas Upgrades Price Target Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com