BUZZ-First Citizens BancShares slides as interest income forecast disappoints
I'm PortAI, I can summarize articles.
Shares of First Citizens BancShares fell 8.7% to $2,015.18 after the company forecasted FY 2026 interest income between $6.5 billion and $6.9 billion, below Wall Street's expectation of $6.92 billion. Analysts express concerns about potential pressure on EPS estimates, with some suggesting this may not be the final cut. Currently, 8 out of 14 brokerages rate the stock as "buy" or higher, with a median price target of $2,374.50. The stock had previously risen 1.6% in 2025.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments