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home / news releases / JPM - First Republic Bank's Valuation Is Tenuous


JPM - First Republic Bank's Valuation Is Tenuous

  • FRC is one of the most highly valued banks that I cover, and yet, its ROTCE is uninspiring.
  • FRC was fortunate not to have needed reserve strengthening as so many other banks did, and its NIM drop was relatively modest. That's where the good news ends.
  • FRC's share price has more than recovered from its February low. Many banks' prices haven't. If other banks see big price increases, I doubt that FRC will follow suit.

For further details see:

First Republic Bank's Valuation Is Tenuous
Stock Information

Company Name: JP Morgan Chase & Co.
Stock Symbol: JPM
Market: NYSE
Website: jpmorganchase.com

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