- Cowen & Co. maintains a “Buy” rating for First Citizens BancShares, Inc. (NASDAQ: FCNCA), raising the price target from $2,500 to $2,600.
- Q2 2025 earnings exceeded expectations, with earnings of $44.78 per share, surpassing the Zacks Consensus Estimate of $39.08 per share.
- Introduction of a new share repurchase plan signals the company’s confidence in its financial health and commitment to enhancing shareholder value.
First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a prominent financial institution based in Raleigh, North Carolina. The company offers a wide range of banking services and has a strong presence in the financial sector. On July 28, 2025, Cowen & Co. maintained its “Buy” rating for FCNCA, with the stock priced at $2,096.04. TD Cowen also raised the price target from $2,500 to $2,600, indicating positive sentiment towards the stock.
During the Q2 2025 earnings call on July 25, 2025, First Citizens reported earnings of $44.78 per share, exceeding the Zacks Consensus Estimate of $39.08 per share. Despite this positive surprise, earnings were down from $50.87 per share in the same quarter last year. The call featured key company figures like CFO Craig Lockwood Nix and CEO Frank Brown Holding, who provided insights into the company’s financial performance and strategic direction.
The earnings call was attended by analysts from major financial institutions, including Deutsche Bank AG and Keefe, Bruyette, & Woods, Inc. This participation underscores the interest and scrutiny from the financial community. The company also announced a new share repurchase plan, signaling confidence in its financial health and commitment to enhancing shareholder value.
FCNCA’s stock price on July 28, 2025, was $2,096.04, reflecting a slight decrease of 0.84% or $17.79. The stock fluctuated between $2,071.74 and $2,158.82 during the day. Over the past year, it reached a high of $2,412.93 and a low of $1,473.62. The company’s market capitalization is approximately $25.75 billion, with a trading volume of 97,295 shares.
