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FRC - First Republic Bank: Rosy Earnings Outlook But Overvalued
April, 06 2021 07:24 AM
FIRST REPUBLIC BANK
Loans will likely continue to grow. However, an increase in home prices and gradually increasing mortgage rates present threats to the growth. The provision expense will likely decline because of the high level of existing allowances and manageable credit risk. The year-end target price suggests a substantial downside from the current market price. For further details see:
First Republic Bank: Rosy Earnings Outlook, But Overvalued
Stock Information
Company Name:
FIRST REPUBLIC BANK
Stock Symbol:
FRC
Market:
NYSE
Website:
firstrepublic.com
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