First Citizens BancShares Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Results - First Citizens BancShares, Inc. is set to release its fourth-quarter earnings results on January 23, with analysts expecting earnings of $43.91 per share, a decrease from $45.1 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.29 billion, compared to $2.23 billion a year earlier [1] Management Changes - Lorie K. Rupp, the executive vice president and chief risk officer, intends to retire [2] Stock Performance - First Citizens BancShares shares increased by 1% to close at $2,203.53 [2] Analyst Ratings - Barclays analyst Jason Goldberg maintained an Equal-Weight rating and raised the price target from $2,190 to $2,456 [3] - Citigroup analyst Benjamin Gerlinger maintained a Neutral rating and raised the price target from $2,000 to $2,250 [3] - Truist Securities analyst Brian Foran maintained a Hold rating and raised the price target from $2,000 to $2,050 [3] - Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained an Outperform rating but lowered the price target from $2,100 to $2,050 [3] - Piper Sandler analyst Stephen Scouten maintained a Neutral rating and cut the price target from $2,150 to $2,000 [3]