J.P. Morgan analyst Anthony Elian maintains $First Citizens BancShares (FCNCA.US)$ with a buy rating, and adjusts the target price from $2,550 to $2,600.
According to TipRanks data, the analyst has a success rate of 28.6% and a total average return of -6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $First Citizens BancShares (FCNCA.US)$'s main analysts recently are as follows:
Heading into the Q4 earnings season for regional banks, fundamental trends are expected to encompass minimal growth in loans and deposits, a slight decline in net interest margins, and stable credit trends overall. Looking beyond these results, attention will likely turn toward the 2025 outlooks which are expected to reflect the continuous 'higher for a bit longer' interest rate scenario. Despite a moderate approach toward predictions due to the Federal Reserve's less aggressive stance on rate cuts, optimism remains for regional bank stocks in the upcoming year.
Analysts maintain a constructive view on bank stocks through 2025, citing prospects for accelerated earnings growth driven by enhanced loan growth, increased capital markets activity, the return of positive operating leverage, and share buybacks. The expectation of expanded price-to-earnings multiples is supported by a stable economic environment, reduced regulatory pressures, elevated returns, and ongoing mergers and acquisitions. It is anticipated that large-cap banks will continue to surpass market performance into 2025, fueled by this rapid growth in earnings.
Note:
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