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As First Republic Suspends Dividend On Preferred Shares, Analyst Says Bank 'Could Be Next Shoe To Drop'
Saturday, April 8, 2023 - 9:21am | 493Read More...First Republic Bank (NYSE: FRC), which received a lifeline from a group of big banks last month, recently announced an austerity measure to survive through trying times. What Happened: First Republic’s board has decided to suspend payment of quarterly cash dividends on its non-...
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Why First Republic Shares Are Skyrocketing Premarket Monday
Monday, March 27, 2023 - 7:14am | 326Read More...First Republic Bank shares took off in the premarket on Monday, encouraged by the now-defunct Silicon Valley Bank finding a buyer in First Citizens Bancshares Inc. (NYSE: FCNC). What Happened: In premarket trading, First Republic shares jumped 31.07% to $16.20, according to Benzinga Pro data...
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U.S. Authorities Consider Giving More Time To First Republic, Which Had Given Its Founder And Family Members A Whopping Payday Before Suffering A Crisis
Sunday, March 26, 2023 - 9:26am | 618Read More...U.S. authorities plan to give First Republic Bank (NYSE: FRC) more time to ramp up its balance sheet and have yet to decide on what support, if any, to provide to the troubled lender, according to Bloomberg. An expansion of the Federal Reserve's offering is one of...
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Ross Gerber Thinks Economy Is Decelerating Rapidly And Fed's Worsening It: 'We Are Sort Of In Uncharted Territory'
Friday, March 24, 2023 - 2:22am | 395Read More...Gerber Kawasaki CEO Ross Gerber believes the U.S. economy is decelerating rapidly and the Federal Reserve is making it worse. "The actual economy is decelerating quite rapidly here in the United States and the Fed's actions have had the intended consequence. There just needs to be a certain...
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Keep Calm! Warren Buffett — The Big Daddy Of Investments — Rumored To Step In To Stem Banking Crisis
Sunday, March 19, 2023 - 9:34am | 617Read More...As the banking crisis in the U.S. unfolded, triggered fears of contagion, and forced the government to stepped in, many on Wall Street were vocal with their opinions. Warren Buffett, one of the biggest all-time investors, however, appeared absent from the conversation. Now, it...
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First Republic Rallies As Major US Banks Pledge Assistance To Calm Markets
Thursday, March 16, 2023 - 1:50pm | 691Read More...First Republic Bank (NYSE: FRC) may get a substantial capital injection or perhaps a full acquisition from a consortium of large financial institutions, including JP Morgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Wells...
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UPDATE: KBW Raises PT on First Republic Bank to $31 (FRC)
Thursday, April 21, 2011 - 8:50am | 87Read More...KBW is out with its report today on First Republic Bank (NYSE: FRC), raising its PT to $31. In a note to clients, KBW writes, "First Republic reported 1Q results of $0.67, ahead of our estimate and consensus. Deposit growth remains very strong, up 16% q/q (ann), while capital continues to...
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JP Morgan Raises PT On First Republic Bank To $36
Thursday, April 21, 2011 - 7:23am | 28Read More...JP Morgan has raised the price target on First Republic Bank (NYSE: FRC) from $35 to $36 and maintains its Overweight rating.
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JP Morgan Upgrades First Republic Bank To Overweight, PT To $35
Monday, April 11, 2011 - 7:04am | 29Read More...JP Morgan has upgraded First Republic Bank (NYSE: FRC) from Neutral to Overweight and has raised the price target from $33 to $35.
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First Republic Bank Initiated At Neutral By JP Morgan
Tuesday, January 18, 2011 - 9:48am | 185Read More...JP Morgan has published a research report on First Republic Bank (NYSE: FRC) and has initiated the company with a Neutral rating. In the report, JP Morgan writes "We are initiating coverage on First Republic at Neutral with a $33 price target. FRC recently reemerged as a publicly traded company...
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Jefferies Initiates First Republic Bank At Hold
Tuesday, January 18, 2011 - 8:00am | 26Read More...Jefferies & Company has initiated coverage on First Republic Bank (NYSE: FRC) with a Hold rating and $31 price target.
