First Citizens Bancshares Inc /De/
—Price / book
Market cap
—
Tangible equity
$21.70B
Price / tangible book
—
Price / book
—
Return on equity
9.9%
Return on assets
1.0%
Efficiency ratio
41.8%
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: FCNCA stock price vs MS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MS's multiple
Needs MS P/E.
Implied fair value · at FCNCA's multiple
Needs FCNCA P/E.
Metric by metric
Price unavailable
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability lag
Asset efficiency lag
Less efficient
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: FCNCA FY 2025 (ended Dec 31, 2025) · MS FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / book
Market cap
—
Tangible equity
$21.70B
Price / tangible book
—
Price / book
—
Return on equity
9.9%
Return on assets
1.0%
Efficiency ratio
41.8%
Price / book
Market cap
—
Tangible equity
$88.90B
Price / tangible book
—
Price / book
—
Return on equity
15.1%
Return on assets
1.2%
Efficiency ratio
40.4%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
FIRST CITIZENS BANCSHARES INC /DE/ · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
MORGAN STANLEY · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.62x
3.06x
Net debt / EBITDA
Leverage against operating earnings
—
3.32x
Cash and equivalents
Liquid reserves on the balance sheet
—
$111.70B
Total debt
Interest-bearing obligations outstanding
$36.01B
$341.68B
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
JPMorgan Chase & Co.
FCNCA vs JPM
Bank of America Corporation
FCNCA vs BAC
Wells Fargo & Company
FCNCA vs WFC
Citigroup Inc.
FCNCA vs C
PNC Financial Services Group, Inc.
FCNCA vs PNC
Truist Financial Corporation
FCNCA vs TFC
U.S. Bancorp
FCNCA vs USB
Huntington Bancshares Incorporated
FCNCA vs HBAN
The Goldman Sachs Group, Inc.
FCNCA vs GS
SCHWAB CHARLES CORP
FCNCA vs SCHW
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.