Wedbush lowered the firm’s price target on First Citizens (FCNCA) to $2,000 from $2,150 and keeps a Neutral rating on the shares. First Citizens’ quarter was “challenged,” largely driven by lower than expected net interest income given lower rates in Q3, and its guidance for 2024 and 2025 reflects headwinds related to lower rates, the analyst tells investors in a research note.
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Read More on FCNCA:
- First Citizens reports Q3 EPS $45.87, consensus $47.40
- First Citizens BancShares Reports Strong Q3 2024 Earnings
- First Citizens BancShares, Inc. Class A (FCNCA) Q3 Earnings Cheat Sheet
- First Citizens appoints Michelle Draper as Chief Marketing Officer
- First Citizens price target lowered to $2,550 from $2,750 at JPMorgan
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