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The Ratings Game: First Citizens extends gain after rally, as D.A. Davidson stays neutral

Enthusiasm around the formation of a much larger First Citizens Bancshares extended to a second day Tuesday despite a cautious tone from analysts on its acquisition of the former Silicon Valley Bank.

First Citizens Bancshares Inc.’s FCNCA stock ended the session with a gain of about 2%, a day after it rallied nearly 54%.

Also read: First Citizens’…

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