5 Best Extremely Profitable Stocks to Invest in

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

Number of Q4 2023 Hedge Fund Shareholders: 54

Latest Trailing Twelve Month Net Margin: 90.32%

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a large North Carolina based regional bank with more than ten thousand employees. April 2024 is shaping up to be an important month for the bank as far as profitability is concerned as First Citizens BancShares, Inc. (NASDAQ:FCNCA) boosted its net income forecast for 2024 to a high end of $7.3 billion from an earlier $7.1 billion.

54 out of the 933 hedge funds surveyed by Insider Monkey were the firm’s shareholders in Q4 2023. Natixis Global Asset Management’s Harris Associates was the biggest First Citizens BancShares, Inc. (NASDAQ:FCNCA) shareholder among these due to its $710 million stake.

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Disclosure: None. You can also take a look at the 10 Best Multibagger Stocks to Buy Now and 11 Oversold MidCap Stocks To Buy Now.

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