10 High Growth Financial Stocks To Invest In

3. First Citizens BancShares, Inc. (NASDAQ:FCNCA)

5-Year Revenue Growth: 40.63%

Number of Hedge Fund Holders: 46

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a large financial holding company based in Raleigh, North Carolina that provides retail and commercial banking services to individuals, businesses, and professionals. Its competitive edge lies in its Silicon Valley Banking (SVB), through which it focuses on serving businesses in innovative sectors like technology and healthcare, along with private equity and venture capital firms.

On January 27, Piper Sandler raised its price target for FCNCA from $2,100 to $2,250, while keeping its Neutral rating on the stock. The firm noted that the bank’s fourth-quarter results exceeded expectations, prompting them to raise their financial forecasts for SVB. However, they also expressed caution, suggesting that the current stock price may have already reflected much of the positive earnings news, leading them to remain neutral on investing in the shares at this time.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) in its fiscal fourth quarter of 2024 posted robust growth. The company delivered an EPS of $45.87, while the expectations were $39.13. Moreover, its revenue also grew by 23% year-over-year to $9.33 billion. It is one of the high-growth financial stocks to invest in now.

Greenlight Capital stated the following regarding First Citizens BancShares, Inc. (NASDAQ:FCNCA) in its Q2 2024 investor letter:

“We exited a few positions during the quarter, including, First Citizens BancShares, Inc. (NASDAQ:FCNCA): The bargain acquisition of the corpse of Silicon Valley Bank worked out well. The shares appreciated more than 80% and no longer appear cheap.”