First Citizens Set For Growth With Over $200B In Assets, Says Bullish Analyst
Portfolio Pulse from Priya Nigam
First Citizens BancShares Inc (NASDAQ:FCNCA) has grown by 400% over the last 18 months, largely due to the acquisitions of CIT Group and the failed Silicon Valley Bank. Analyst David Chiaverini initiated coverage of the company with an Outperform rating and a price target of $1,700, citing its strong position to benefit from its recent acquisitions and solid growth due to its increased scale with over $200 billion in assets.
October 05, 2023 | 4:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
First Citizens BancShares is expected to benefit from its recent acquisitions and generate solid growth due to its increased scale with over $200 billion in assets.
The company's recent acquisitions and increased scale are expected to drive growth. The positive analyst rating and price target also indicate a bullish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100