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flag Sumitomo Mitsui Trust Group increased its stake in First Citizens BancShares, which reported strong earnings.

flag Sumitomo Mitsui Trust Group Inc. increased its shares in First Citizens BancShares Inc. by 12.9%, now owning 0.46% of the company valued at $114.7 million. flag First Citizens BancShares reported strong earnings of $37.79 per share, exceeding analysts' expectations. flag The stock, with a market cap of $26 billion, has a "Moderate Buy" rating and has outperformed the market by 11% annually over the past decade.

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