- Shares of First Republic Bank (FRC) were up by 2.74%, potentially due to positive earnings from Procter & Gamble and CSX, although earnings for Regions Financial, Schlumberger, and Freeport-McMoRan were mixed.
- Alecta, a Swedish pension fund responsible for managing the retirement funds for a quarter of the country's population has lost nearly $2bn in US holdings, including shares of First Republic Bank, which had been added to the portfolio in 2019, alongside SVB and Signature Bank, triggering the departure of the chief executive officer, an investigation by regulators and is likely to force the fund to scale back its assets in the US, but despite Alecta loss, First Republic Bank (FRC) stock went up by 2.74% last night.
- Shares of First Republic Bank (FRC) went up by 2.74% on Friday, and the bank is among the companies set to report quarterly results on Monday, along with Cleveland-Cliffs, Coca-Cola, and Range Resources.
- First Republic Bank's stock has gone down by -1.84% after it eliminated its dividend and suspended dividends on preferred shares due to the bank runs and fallout from the COVID-19 pandemic, leading investors to look for alternatives such as high-yield real estate investment trust (REIT) W.P. Carey, which has a diversified portfolio, an investment-grade-rated balance sheet, and a history of increasing its dividend every year since its IPO in 1998.
- First Republic Bank (FRC) stock was down by 1.84% as banks in the mid-tier bracket suffer due to a weaker profit outlook arising from a recent crisis within the industry, caused by higher interest payouts needed to retain deposits under the current economic uncertainty.
- Several members of Congress or their close relatives sold bank equities last month as fears of a financial crisis spread, with Rep. Jared Moskowitz (D-Fla.) selling $65,000 to $150,000 worth of Seacoast Banking Corporation shares on the day Silicon Valley Bank failed, which fell nearly 20% two days later and lost nearly 80% of its value from a February peak, leading to fears of contagion and backstopping by federal regulators, inducing a drop in First Republic Bank (FRC) stock by almost 2%.
- Bank of America has posted a 15% increase in Q1 profit and a 13% rise in revenue, boosted by interest rates, beating investor forecasts and becoming the fourth major bank to do so, however, First Republic Bank's stock was last night down by 4.26%.
- Western Alliance Bancorp reported stronger-than-expected Q1 earnings and said its deposits had stabilized after the March banking crisis, causing its shares to jump more than 15%, along with other US regional banks, while First Republic Bank missed its estimates and fell around 4.26%.
- Freshman Democratic New York Representative Dan Goldman's trading activities worth millions of dollars since he entered Congress have disclosed that he purchased up to $15,000 in Credit Suisse, which allegedly hid more than $700 million from US tax authorities, and up to $15,000 worth of First Republic Bank, whose stock collapsed during the banking crisis generated by Silicon Valley Bank's collapse, while he sold his shares in Credit Suisse and First Republic Bank, thereby contributing to the bank's 4.26% stock decrease.
- Jefferies analyst Ken Usdin has said that the first-quarter earnings from the largest US banks, including Citigroup, Wells Fargo, PNC Financial Services and JPMorgan, were a positive start to the season, with net interest income at JP Morgan being raised from $73 billion to $81 billion, but that PNC warned of lower-than-expected net interest income; this saw Bank of America, Goldman Sachs and Morgan Stanley also offering Q1 results.
- First Republic Bank's (FRC) stock went up by 0.15% last night, and it is not mentioned in the article why it went up; however, State Street Corp. stock fell by 14% after they missed consensus estimates for first-quarter profit and revenue and booked a $29 million provision for credit losses for their $1 billion backstop contribution for First Republic Bank.
- First Republic Bank (FRC) stock went up by 0.15% as part of an overall positive trading session in the stock market, with the S&P 500 and Dow Jones Industrial Average both rising by 0.33% and 0.30% respectively.
- The stock of First Republic Bank went up by 4.36% last night, despite recent departures of financial advisors from the troubled bank. The article does not provide an explicit reason for this increase in stock price.
- The article highlights several companies that experienced a decline in stock price in the first quarter, including First Republic Bank, however, the author recommends investing in these companies as they have strong potential for a comeback in the future. The author, in particular, has a personal bias towards First Republic Bank, which lost 88% of its stock value, and suggests it may be taken over by another bank, leading to a potential profit for investors. The article does not provide a clear reason why First Republic Bank's stock went up last night.
- Law firm Pomerantz LLP is investigating claims that First Republic Bank and some of its officers and directors may have engaged in securities fraud or other unlawful business practices, following a wave of declining bank share prices due to liquidity concerns. However, last night, the bank's stock rose by 4.36%, and the reason for this increase is not provided in the article.
- U.S. Bank stock looks attractive despite the recent turmoil in the banking industry, with robust net revenue and solid capital position offsetting headwinds from rising interest rates and making it a "diamond in the rough," according to an article in The Motley Fool, which says the stock's 30% decline in March offers an attractive discount to its historical price-to-earnings ratio.
- First Republic Bank (FRC) stock went down by 4% after it was downgraded, amid collapse of the Silicon Valley Bank and the takeover of Credit Suisse by UBS, as ratings agency S&P Global noted that Australian banks had different business models and, due to prudential regulations, operate with sound funding and liquidity that can weather the current market instability easily.
- First Republic Bank (FRC) suffered the most among the banking systems turmoil after two banks failed in the US, resulting in a decline of 89.9% in market value between March 1st to 24th, due to accounting for large amounts of uninsured deposits exceeding the $250,000 FDIC limit, and subsequent high-volume withdrawals.
- First Republic Bank (FRC) stock has gone down due to the global slump in banking stocks which is attributed to interest rate hikes to rein in inflation, bank bond pressure, and the collapse of US lender Silicon Valley Bank over bond-related losses following a surge in interest rates.
- The financialization of everything, or the securitization and sale of various forms of debt, has led to risky activities and short-term profiting by corporations, according to former INET grantee and financial regulation veteran Walker Todd, who gives a historical overview of how banking has changed, and claims the current banking crisis is an outcome of this process due to the banks' practice of selling off tranches of consumer and commercial loans and racing to chase yield through risk management.
- First Republic Bank (FRC) stock went down last night due to the wider banking crisis hitting Europe, which saw shares in major banks across the region tumble, with Deutsche Bank losing 15% and Commerzbank, BNP Paribas, Societe Generale, UniCredit, ING, UBS, Barclays, Standard Chartered, Natwest, Lloyds, and HSBC also dropping.
- Toronto-Dominion Bank's acquisition of First Horizon has looked shaky for months, and recent failures of U.S. regional banks have poisoned investors' view of such banks, causing the stock valuation of First Republic Bank to plummet and putting TD in a difficult position to try and negotiate for lower acquisition costs, or to walk away from the deal entirely.
- First Republic Bank's stock goes down by 6.0%, trading 8% down with 53 million shares, as it absorbs another credit rating downgrade that downgraded the bank's issuer default rating due to its higher cost of funds, falling cost of borrowing and less excess liquidity deployment, and Truist analyst Brandon King cut its stock price targets and earnings estimations for banks with the anticipation of credit costs increasing, loan growth slowing and net interest margins falling.
- The global banking system is weakened due to losses in bank bond holdings, falling customer deposits, and vulnerability in sectors such as property and commercial real estate, leading to increased risks of a financial crisis, as seen by the recent loss of market value in US, European, and Japanese banks, and the collapse of banks such as Silicon Valley Bank, First Republic Bank, and Credit Suisse.
- The stock of First Republic Bank (FRC) plunged by 32.8% in the last trading session as major banks, including Deutsche Bank and Societe Generale, restricted their trades involving the Swiss-based lender or its securities, amid fears of liquidity strains caused by weakening depositor confidence following the recent market turmoil.
- First Republic Bank's stock dropped by 32.8% due to its heavy reliance on uninsured deposits, with withdrawals from individual account holders and Silicon Valley's woes playing a significant role, but not the regulatory crackdown on banks too cozy with the crypto industry that some claimed was the issue.
- First Republic Bank (FRC) stock has plunged by 32.8%, prompting a $30bn "rescue package" from 11 banks, including JPMorgan, Citigroup, Bank of America, and Wells Fargo, though Fitch and S&P have pointed to its heavy dependence on uninsured deposits and overexposure to the real estate market as ongoing concerns.
- The stock of First Republic Bank (FRC) rose by 9.98% on Thursday after 11 major banks deposited a combined $30bn in the troubled lender, a move interpreted by some investors as a lifeline and a sign of confidence in it and the overall sector amid difficult times brought on by the fastest set of interest rate hikes in decades.
- JPMorgan Chase, Bank of America, and other large US banks announced investment of $30bn in the form of uninsured deposits to First Republic Bank, leading to a surge of nearly 10% in the bank's stock; the move is expected to strengthen the liquidity position of First Republic Bank and the entire US banking system.
- First Republic Bank's stock went up 9.98% after it received $30 billion in deposits from several big banks as part of a rescue package for the lender.
- First Republic Bank's stock has gone up by more than 10% after a group of America's largest banks, including JP Morgan Chase, Citigroup, Bank of America, Wells Fargo, and Truist, agreed to deposit $30 billion into the troubled San Francisco bank, citing their confidence in First Republic and the health of the banking system in general.
- Multiple large US banks have made uninsured deposits totalling $30bn into San Francisco's First Republic Bank, following a slump in the bank's stock price. The move, which is the first of its kind since J.P. Morgan assisted other banks during the financial crisis, appears to support the resilience of the banking system amid concerns from investors following scrutiny of First Republic's holdings.
- Shares in First Republic Bank (FRC) rose by 22% in pre-market trading, despite news that Moody's Investor Service had put six banks in the US on watch for possible downgrades due to concerns about their funding bases and accumulated bond portfolio losses. Moody's warned that if FRC saw higher-than-anticipated deposit outflows, there may be insufficient liquidity backstops and the bank could need to sell assets, crystalizing unrealized losses. However, FRC had announced on Monday that it had enhanced and diversified its financial position agreements with JP Morgan, the Federal Reserve and the Federal Hone Loan Bank, giving it an additional $70bn of available liquidity.
- The article discusses how the collapse of Silicon Valley Bank (SIVB) has impacted hedge funds and other financial institutions that invested in the bank, and suggests that other banks exposed to similar risks, such as First Republic Bank (FRC), may also be scrutinized by the market; however, it does not provide a clear explanation for why FRC stock went up 26.98% last night.
- First Republic Bank (FRC) stock rose by 26.98% recently due to Moody's flagging seven regional banks' risks, including FRC, following the collapse of Silicon Valley Bank, which had high unrealized losses in its securities portfolio and large shares of deposits that were not covered by the Federal Deposit Insurance Corporation.
- First Republic Bank's stock went up 26.98% after concerns over the state of the regional bank eased, and it was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE), which was up.
- The stock of First Republic Bank (FRC) went up 26.98% due to investor speculation that the worst of the global fallout from the American banking sector has passed.
- First Republic Bank's stock goes down by almost 22% as SVB, a tech-heavy lender, is closed by a California banking regulator and put into receivership, leading to fears about hidden risks in the sector and investors worrying that the Federal Reserve's next meeting on interest rates could break something in the banking system.
- First Republic Bank (FRC) stock has gone down due to concerns that it is ill-prepared for a rising interest rate environment and exposure to the coastal real estate market following the collapse of Silicon Valley Bank and its subsequent sale.
- First Republic Bank (FRC) stock dropped 7.5% in pre-market trading, following the widespread decline in banking stocks attributed to the announcement from Silicon Valley Bank to raise $2 billion in capital to mitigate losses on bond sales.
- First Republic Bank (FRC) stock was down by 14.84% as fears of a broader financial contagion arose on Friday after Silicon Valley Bank had liquidity concerns and reportedly tapped outside advisers to facilitate a potential sale, thus prompting other banks to explore a possible acquisition of SVB Financial; SVB Financial's shares fell 60% on Thursday evening, sending shares of other publicly traded banking giants down as well.
- Silicon Valley Bank's closure, citing inadequate liquidity and insolvency, has caused shares of fellow West Coast lenders First Republic Bank, Western Alliance Bancorp, and crypto-friendly Signature Bank to drop, with First Republic Bank down 15%, and is second only to Washington Mutual Bank in history in terms of assets lost; the bank was not perceived as "crypto-friendly" as competitor Silvergate, with Blockchain Capital, Castle Island Ventures, Dragonfly, and Pantera all reportedly having relationships with the bank.
- Shares of First Republic Bank (FRC) have fallen more than 13%, which could be related to the significant sell-off experienced by SVB Financial (SIVB), as both cater to niche high-net-worth individuals; SVB's announcement of selling its entire available-for-sale bond book, taking a $1.8 billion loss, and its plans to raise $2.25 billion of fresh capital through common stock, a private placement, and preferred stock, may have worried investors who view First Republic similarly.
- First Republic Bank (FRC) stock plunged 16.51% to $96.01 due to an overall dismal trading session and falling 1.85% to 3,918.32 and Dow Jones Industrial Average (DJIA) falling 1.66% to 32,254.86, with yesterday being the stock's fourth consecutive day of losses, and its trading volume (9.3M) eclipsed its 50-day average volume of 1.6M.
- First Republic Bank (FRC) stock went down -16.51% due to concerns of rising interest rates to fight inflation and a selloff of financial sector stocks, which were heavily impacted by SVB Financial Group announcing a $2.25 billion stock sale and cryptocurrency bank Silvergate Capital announcing liquidation.