First Citizens BancShares (FCNCA, Financial) recently experienced significant stock movement, with its share price sharply dropping by 3.45%. The stock is now trading at $2194.26 per share with a trading volume of 49,928 shares, a turnover rate of 0.35%, and a price fluctuation of 2.33%.
In its latest financial report, First Citizens BancShares reported revenue of $3.774 billion, a net profit of $639 million, and earnings per share of $43.41. The current price-to-earnings (P/E) ratio stands at 12.60. Among analysts covering the stock, 55% recommend buying, while 45% suggest holding, with no sell recommendations.
Within the banking sector, the overall decline was noted at 1.35%. Notable gainers among related stocks include CNFinance, Loandepot, Inc., and MetroCity Bankshares. Meanwhile, stocks like UWM Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. were particularly active. Large fluctuations were seen in Better Home & Finance Holding C/Wts 22/08/2028 (To Pur Com), CNFinance, and Ameris Bancorp, with volatility rates of 20.43%, 16.36%, and 11.99%, respectively.
First Citizens BancShares, the holding company for First Citizens Bank & Trust Company, operates intensively in the U.S., particularly in North and South Carolina. Its business expansion through new branches and acquisitions has been significantly influenced by its controlling family, who traditionally hold executive and board roles.
