FRC News and Press, FIRST REPUBLIC BANK From 03/22/23

2023-03-22 13:59:54 ET The second Fed meeting is today, meaning the markets are embattled in a tug-o-war between bulls and bears. Whether you’re trading penny stocks , which we discuss frequently, or higher-priced company stocks, what is decided today by the Federal Reserve could...

2023-03-22 13:59:52 ET Summary The John Hancock Financial Opportunities fund (BTO) has had an enviable record over the years as one of the most successful equity CEFs of all time. But these last few weeks in the financial sector have showed that no fund is immune from a crisis. ...

2023-03-22 12:11:00 ET Summary Reverberations for the economy remain a threat, but for the moment the odds of contagion risk that spreads across the financial system seem to be receding. Fears of wider, global crisis swirled as Switzerland-based Credit Suisse looked set to implode...

2023-03-22 11:20:37 ET Summary We examine 3 pieces of new info to assess First Republic Bank's current situation. Explain why the rumored Dimon & Co's rescue plan, if true, is bad news to First Republic Bank's common shareholders. Connecting all the dots, I conclude it is ...

2023-03-22 10:50:55 ET Summary First Republic continues volatile trading due to uncertainty regarding the bank's funding sources despite multiple deals. The bank was highly dependent on business accounts with an average deposit balance of $490,000 leading to these uninsured accoun...

2023-03-22 10:22:23 ET Summary Western Alliance Bancorporation’s market cap has declined by about half in the last 9 trading days. The community bank attracted a 5.4% investment from hedge fund Citadel at the beginning of the crisis. The Western Alliance Bancorporation ...

2023-03-22 05:25:24 ET Amid focus remaining on talks aimed at shoring up confidence in the troubled midsize lender, First Republic Bank ( NYSE: FRC ) is trading 4.4% higher in premarket trade. Bloomberg cites people close to the matter that Wall Street leaders and U....

2023-03-21 13:56:40 ET First Republic Bank ( NYSE: FRC ) is now seeking options how it can sell parts of its business including some of its loan book in a bid to raise cash and cut costs. It looks to sell its loans to other parties including private equity firms. ...

Stocks rose Tuesday, building on Monday's rally. Traders continued to become optimistic following Treasury Secretary Janet Yellen's latest reassurances to contain the banking crisis. The Dow Jones Industrials launched 127.65 points to 32,375.09. The S&P 500 tacked on 20.8 points to 3,...

2023-03-21 12:48:20 ET Gainers: U.S. Xpress Enterprises ( USX ) +299% . Dermata Therapeutics ( DRMA ) +81% . First Republic Bank ( FRC ) +40% . Starbox ( STBX ) +36% . BigBear.ai ( BBAI ) +31% . Envirotech Vehicles ( EVTV ...