First Citizens: Profit Surge and Stock Buyback Drive Momentum!
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Profit Surge: The adjusted earnings per share exceeded analysts' estimates by around one-fifth – on the day of the announcement, the stock climbed to a record high with high volume. Capital Machine: A new buyback program of 1.2 billion USD for 2027 continues the strategy with which the bank has repurchased around a quarter of its A-shares since 2024. Outlook: Upgraded forecasts and a moderate valuation keep the stock attractive – the key will be whether the bank's revenues will also noticeably grow alongside profits. The bank holding...
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