JPMorgan raised the firm’s price target on First Citizens (FCNCA) to $2,500 from $2,300 and keeps an Overweight rating on the shares. The firm sees “solid upside potential” for the regional banks in 2026. Tailwinds for the group include additional Federal Reserve rate cuts, loan growth continuing, and the more mergers and acquisitions, the analyst tells investors in a research note.
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Read More on FCNCA:
- First Citizens BancShares Closes Series D Preferred Stock Offering
- First Citizens price target raised to $2,250 from $2,200 at UBS
- First Citizens price target lowered to $2,000 from $2,250 at Citi
- First Citizens price target raised to $2,300 from $2,100 at JPMorgan
- First Citizens price target lowered to $2,000 from $2,150 at Piper Sandler
