FCNCA Stock Summary and Trading Ideas (First Citizens Bancshares - Class A | NASDAQ:FCNCA)

First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.

First Citizens Bancshares - Class A trades on the NASDAQ stock market under the symbol FCNCA.

As of May 13, 2024, FCNCA stock price climbed to $1,742.85 with 60,460 million shares trading.

FCNCA has a beta of 0.80, meaning it tends to be less sensitive to market movements. FCNCA has a correlation of 0.10 to the broad based SPY ETF.

FCNCA has a market cap of $25.31 billion. This is considered a Large Cap stock.

Last quarter First Citizens Bancshares - Class A reported $2 billion in Revenue and $52.92 earnings per share. This fell short of revenue expectation by $-65 million and exceeded earnings estimates by $9.60.

In the last 3 years, FCNCA stock traded as high as $1,810.03 and as low as $505.84.

The top ETF exchange traded funds that FCNCA belongs to (by Net Assets): VTI, VB, VBR, VXF, CGDV.

FCNCA has outperformed the market in the last year with a return of +48.7%, while the SPY ETF gained +27.8%. In the last 3 month period, FCNCA beat the market returning +16.7%, while SPY returned +4.3%. However, in the most recent 2 weeks FCNCA has underperformed the stock market by returning -0.7%, while SPY returned +2.5%.

FCNCA support price is $1,704.02 and resistance is $1,769.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCNCA stock will trade within this expected range on the day.