Cboe Global Markets vs First Citizens BancShares

This page compares Cboe Global Markets (CBOE Holdings, Inc.) and First Citizens BancShares (First Citizens BancShares Inc Class A), examining their business models, financial performance, and market context in a neutral, accessible way. It highlights how these organisations operate within their sectors and how external factors may affect them. Educational content, not financial advice.

This page compares Cboe Global Markets (CBOE Holdings, Inc.) and First Citizens BancShares (First Citizens BancShares Inc Class A), examining their business models, financial performance, and market c...

Comparison Snapshot

Key Financial Metrics

CBOE

Metric

FCNCA

$28.27B

Market Cap

$26.18B

-0.73%

Potential Profit

12.53%

Hold

Analyst Rating

Buy

Why It's Moving

Cboe rolls out key market data pricing updates and index feed enhancements amid rising derivatives demand.

Introduced market data and access fee updates on Cboe Options exchanges effective January 1, 2026, optimizing costs for high-volume traders.
Launched Cboe Global Indices Feed with new PIMCO US Stocks PLUS Active values, expanding real-time data for sophisticated index strategies.
Filed and activated rule change to amend Short Term Option Series program, boosting flexibility amid surging demand for short-dated options.

Sentiment:

🐃Bullish

First Citizens BancShares Crushes Q4 Earnings Expectations with Robust Growth and Dividend Boost.

Earnings smashed estimates at $51.27 per share versus $44.24 expected, with revenue hitting $2.25 billion against $2.24 billion forecasts, underscoring operational strength.
Board declared a $2.10 quarterly common stock dividend payable March 16, reinforcing commitment to shareholders while returning $900 million via repurchases and prepaying $2.5 billion debt.
Analysts adjusted targets post-earnings—TD Cowen cut to $2,500 (Buy), Barclays to $2,346 (Equal-Weight), Citigroup to $2,100 (Neutral)—as shares dipped slightly to around $2,017.

Sentiment:

🐃Bullish

Cboe rolls out key market data pricing updates and index feed enhancements amid rising derivatives demand.

Introduced market data and access fee updates on Cboe Options exchanges effective January 1, 2026, optimizing costs for high-volume traders.
Launched Cboe Global Indices Feed with new PIMCO US Stocks PLUS Active values, expanding real-time data for sophisticated index strategies.
Filed and activated rule change to amend Short Term Option Series program, boosting flexibility amid surging demand for short-dated options.

Sentiment:

🐃Bullish

First Citizens BancShares Crushes Q4 Earnings Expectations with Robust Growth and Dividend Boost.

Earnings smashed estimates at $51.27 per share versus $44.24 expected, with revenue hitting $2.25 billion against $2.24 billion forecasts, underscoring operational strength.
Board declared a $2.10 quarterly common stock dividend payable March 16, reinforcing commitment to shareholders while returning $900 million via repurchases and prepaying $2.5 billion debt.
Analysts adjusted targets post-earnings—TD Cowen cut to $2,500 (Buy), Barclays to $2,346 (Equal-Weight), Citigroup to $2,100 (Neutral)—as shares dipped slightly to around $2,017.

Sentiment:

🐃Bullish

Investment Analysis

Cboe Global Markets

CBOE

Pros

Reported record third-quarter net revenue of $605.5 million, a 14% year-over-year increase driven by strong derivatives markets and data services.
Achieved record diluted EPS of $2.85 for Q3 2025, up 38% year-over-year, reflecting robust profitability and operational efficiency.
Raised 2025 organic total net revenue growth guidance to low double-digit to mid-teens, indicating confidence in sustained growth.

Considerations

Futures net revenues decreased 22% year-over-year due to lower transaction and clearing fees, highlighting a segment weakness.
Adjusted operating expenses increased by 3% year-over-year, mainly from higher compensation and depreciation, which may pressure margins.
Global FX net revenues, while growing, remain a small fraction of total revenue, indicating limited diversification outside core markets.

First Citizens BancShares

FCNCA

Pros

First Citizens BancShares reported solid Q3 2025 earnings with balance sheet growth and ongoing share buybacks supporting shareholder returns.
Diverse revenue sources across general banking, commercial banking, SVB commercial, and rail leasing mitigate exposure to single-sector risks.
Strong valuation metrics including a low price-to-earnings ratio around 11.6 and reasonable price-to-book near 1.3 suggest potential value.

Considerations

Moderate trading volumes and mid-growth stock classification may indicate slower appreciation potential compared to high-growth peers.
Exposure to commercial and specialized lending segments introduces execution and credit risks amid uncertain economic conditions.
Stock price slightly declined recently despite fundamentals, reflecting market sentiment risks or potential investor concerns.

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