First Citizens: Margin Pressure Comes Into Focus (Downgrade) (NASDAQ:FCNCA)

Core Viewpoint - Shares of First Citizens BancShares, Inc. (FCNCA) have underperformed over the past year, declining by 9% amid volatility due to investor concerns over potential private credit losses linked to its Silicon Valley Bank unit [1] Company Performance - The stock has experienced significant volatility, primarily driven by fears regarding credit losses [1] Investment Strategy - The article suggests a contrarian investment approach, emphasizing the potential for outsized returns based on macro views and stock-specific turnaround stories [1]