Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?
But I think I would not able to rest my mind unless I kind of go through this with a bank example.
So I decided to review and reflect on a bank to see if I can see it in a light that Victaurs sees. It is a bank that Mr. John Huber wrote in a news letter almost 1.5 years ago First Citizens BancShares (FCNCA). The stock was trading at 8 times PE back then but its closer to 12 times PE today.
Some would consider this as a deeper dive but maybe some would consider this as a superficial take.
What is First Citizens BancShares? (Ticker: FCNCA)
FCNCA is a bank with a 125-year history in the Raleigh, NC area in the United States. Their roots will put them as a regional bank. But with the recent acquisitions, it puts them in the range of the 15th-20th largest banks by assets and market cap.
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