FRC - This Under-the-Radar Bank Stock Is a Hidden Buy in Today's Stock Market
Given the disruption caused by the coronavirus pandemic, figuring out which companies to invest in may carry an even higher degree of difficulty these days, particularly with the likelihood of a recession in the near future.
There are many large blue chips with solid fundamentals that have weathered corrections in the past and are built for the long haul. But if you're looking for an under-the-radar stock that is outperforming now and also looks good for the future, consider First Republic Bank (NYSE: FRC).
First Republic, based in San Francisco, is a bank and wealth management firm with 79 branch locations, most of them in California. In addition to consumer banking, it offers business banking, and private wealth management through its subsidiaries First Republic Investment Management, First Republic Trust, and First Republic Securities. The company has $123.9 billion in banking assets and $137.9 billion in private wealth assets.