(VIANEWS) – Shares of First Citizens BancShares (NASDAQ: FCNCA) rose 9.02% to $1,192.49 at 13:07 EST on Wednesday, after three successive sessions in a row of gains. NASDAQ is rising 0.56% to $12,247.68, following the last session’s downward trend. This seems, up to now, a somewhat up trend trading session today.
First Citizens BancShares’s last close was $1,093.86, 0.17% above its 52-week high of $1,091.99.
About First Citizens BancShares
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration paycheck protection program loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.
Earnings Per Share
As for profitability, First Citizens BancShares has a trailing twelve months EPS of $67.38.
PE Ratio
First Citizens BancShares has a trailing twelve months price to earnings ratio of 17.7. Meaning, the purchaser of the share is investing $17.7 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 15.25%.
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