FRC - First Republic Has Been Quiet. There May Be News Before Earnings Kick Off
2023-04-07 05:25:00 ET
Since a financial update on March 16, things have been somewhat quiet with First Republic (NYSE: FRC) , one of the banks that has really struggled since the banking crisis started in March. The bank reportedly saw $70 billion or more of deposit outflows in March, which has led some to question whether it can survive.
While there have been some signs of stabilization in the banking sector, I think it's too early for First Republic to declare victory by any means. But just taking an educated guess, I think we could get some kind of update from First Republic within the next week before the big banks kick off earnings season. Here's why.
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First Republic Has Been Quiet. There May Be News Before Earnings Kick Off