First Citizens BancShares Q2 Adj. EPS $52.60 Beats $45.91 Estimate, Sales $2.62B Beat $2.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
First Citizens BancShares (NASDAQ:FCNCA) reported Q2 earnings of $52.60 per share, beating the analyst consensus estimate of $45.91 by 14.57%. This is a 211.98% increase from the same period last year. The company also reported quarterly sales of $2.62 billion, beating the analyst consensus estimate of $2.31 billion by 13.38%. This is a 274.14% increase from the same period last year.
August 04, 2023 | 12:50 pm
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First Citizens BancShares reported strong Q2 earnings and sales, significantly beating estimates. This could lead to a positive market reaction.
First Citizens BancShares reported Q2 earnings and sales that significantly beat estimates. This strong performance, which includes a 211.98% increase in earnings and a 274.14% increase in sales YoY, is likely to be viewed positively by the market, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100