First Citizens Lifted to Outperform KBW in Higher Rate Environment (FCNCA:NASDAQ)


Old fashioned bank sign

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First Citizens BancShares (NASDAQ:FCNCA) shares drifted 2% increase in Tuesday morning trading after Keefe, Bruyette & Woods upgraded the stock to Outperform from Market Perform on the assumption that a more pro-longer interest rate environment would be good for the lender.

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