Piper Sandler lowered the firm’s price target on First Citizens (FCNCA) to $2,050 from $2,100 and keeps a Neutral rating on the shares. The firm notes the company’s Q1 results were solidly above consensus from an EPS perspective, driven by lower fee income and a lower provision, although lower net interest income offset this partially.
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Read More on FCNCA:
- First Citizens Earnings Call Balances Growth and Pressure
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- First Citizens reports Q1 adjusted EPS $44.86, consensus $39.23
- FCNCA Upcoming Earnings Report: What to Expect?
- First Citizens price target lowered to $2,300 from $2,375 at Keefe Bruyette