First Citizens Bancshares Stock News

The stock price of First Citizens BancShares Inc (NASDAQ: FCNCA) increased by over 4% during intraday trading today. This is why it happened.

RALEIGH, N.C. and NEW YORK, Dec. 17, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) (First Citizens), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) (CIT), the parent company of CIT Bank, N.A., jointly announced that their previous proposal to merge the two companies has received approval from the Board of Governors of the Federal Reserve System today. The merger has previously received approvals from the Federal Deposit Insurance Corporation and the Office of the North Carolina Commissioner of Banks.

Federal Reserve announces approval of application by First Citizens BancShares, Inc.

Investors waited more than 420 days for the deal to close.

Zacks Investment Research upgraded shares of First Citizens BancShares (NASDAQ:FCNCA) from a sell rating to a hold rating in a research report released on Monday, Zacks.com reports. According to Zacks, First Citizens is a bank holding company engaged in general banking business. The Bank is the fifth largest commercial bank in North Carolina based upon []

Reinhart Partners Inc. increased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,863 shares of the banks stock after acquiring an additional 135 shares during the quarter. First Citizens []

Prudential Financial Inc. increased its stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 24.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 353 shares of the banks stock after acquiring an additional 69 shares during the quarter. Prudential []

First Citizens BancShares, Inc. (FCNCA) CEO Frank Holding on Q3 2021 Results - Earnings Call Transcript

The company's Q3 results missed estimates and the bank now doesn't expect to close on a pending acquisition until next year.

First Citizens (FCNCA) delivered earnings and revenue surprises of 3.75% and 2.25%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

“If you're going to steal, steal from the best,” Woody Allen once said.

RALEIGH, N.C., Oct. 12, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the third quarter ended Sept. 30, 2021, before the U.S. f

First Citizens (FCNCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

A deal that would create a bank with more than $100 billion in assets has now been delayed, as the two parties await approval from the Federal Reserve.