FRC News and Press, FIRST REPUBLIC BANK From 03/13/23

2023-03-13 15:15:50 ET Summary The Fed and FDIC took substantial measures Sunday to stabilize the banking system. These have not quelled the panic; regional bank shares continue to tumble Monday. Here's what happened, what to watch now, and a few places where I see opportunity...

2023-03-13 12:54:16 ET Gainers: Provention ( PRVB ) +258% . Euda Health ( EUDA ) +41% . Calliditas ( CALT ) +31% . Cipher Mining ( CIFR ) +29% . Caleminder ( CMND ) +26% . Bakkt ( BKKT ) +26% . Hut 8 Mining ( HU...

2023-03-13 11:58:00 ET Summary SIVB had a very concentrated deposit base, which made it particularly prone to a deposit run due to the correlated nature of the demand for liquidity among its key clients. Also, the bank’s asset management in response to higher interest rate was ...

2023-03-13 11:51:02 ET Stocks see-sawed during Monday's intraday session as investors weighed a proposal to backup all of the depositors in the defunct Silicon Valley Bank. Looking at the specific stocks that were making significant moves during the session, ZIM Integrated Ship...

2023-03-13 11:42:17 ET Summary First Republic Bank has lost 80% of its value over the last three trading days. This presents an opportunity as First Republic is highly profitable with just 4% of its deposits from technology-related companies. Whilst a bank run would likely onl...

2023-03-13 10:59:11 ET Summary First Republic Bank investors are not taking any chances here after the Silicon Valley Bank fallout, sending its shares down more than 60% pre-market. Management upsized its unused liquidity to $70B, on top of the Fed's $25B Bank Term Funding Program...

2023-03-13 10:51:19 ET To say that regional banks are having a rough start to the week would be an understatement. At 10 a.m. ET, shares of First Republic Bank (NYSE: FRC) were down by about 68% for the day -- and that's on top of last week's 33% decline. Other regional institut...

2023-03-13 08:57:19 ET First Republic FRC -64% amid woes regarding SVB, Signature collapse . Western Alliance WAL -54% amid woes regarding SVB, Signature collapse . PacWest PACW -40% amid woes regarding SVB, Signature collapse . Euda Health ( EUDA...

2023-03-13 08:34:30 ET Raymond James on Monday downgraded shares of First Republic Bank ( NYSE: FRC ) to Market Perform from Strong Buy as its earnings power could be negatively impacted if net deposit outflows were to come to fruition. The stock dropped some 65% in prem...

2023-03-13 07:34:30 ET Shares of First Republic Bank ( NYSE: FRC ) have plunged on Monday morning by more than 50% as the financial institution is the latest bank to feel the aftermath from the Silicon Valley Bank ( SIVB ) collapse.  As a result, many exchange traded fu...