First Citizens BancShares Q3 Adj. EPS $55.92 Beats $47.94 Estimate, Sales $2.60B Beat $2.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
First Citizens BancShares (NASDAQ:FCNCA) reported Q3 adjusted earnings of $55.92 per share, beating the analyst consensus estimate of $47.94 by 16.65%. This is a 169.23% increase from the same period last year. The company also reported quarterly sales of $2.60 billion, beating the analyst consensus estimate of $2.37 billion by 9.92%, a 112.13% increase from the same period last year.
October 26, 2023 | 10:41 am
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POSITIVE IMPACT
First Citizens BancShares reported Q3 earnings and sales that beat estimates, with significant YoY increases. This could positively impact the company's stock.
First Citizens BancShares reported higher than expected earnings and sales for Q3, with significant increases from the same period last year. This positive financial performance could increase investor confidence and demand for the stock, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100