FRC - First Republic Once Again Shows It's Different In All The Right Ways

The argument for owning First Republic (FRC), a bank that has often appeared to trade at robust (if not excessive) multiples, has long been that it’s a different sort of bank. Skeptical veteran investors can be forgiven for shaking their head at the “it’s different this time” argument, but First Republic continues to make the case that it really is a different sort of bank – one that can navigate this unexpected pandemic-driven recession better than the vast majority of its peers.

I liked First Republic after first quarter earnings, and the

Read more ...