TD Cowen lowered the firm’s price target on First Citizens (FCNCA) to $2,300 from $2,500 and keeps a Buy rating on the shares. The firm said its EPS beat on lower provision and expense, but NII miss and NIM compression a focus as deposit pricing pressures persist. 2026 guidance tightened as NIM likely lower into 3Q and then stabilizing.
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Read More on FCNCA:
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