FRC News and Press, FIRST REPUBLIC BANK From 03/27/23

2023-03-27 12:00:36 ET Gainers: First Citizens BancShares ( FCNCA ) +48% . Silvergate Capital ( SI ) +38% . First Republic Bank ( FRC ) +15% . Mercurity Fintech Holding ( MFH ) +12% . Green Giant ( GGE ) +10% . Lose...

2023-03-27 11:55:22 ET Shares of First Republic (NYSE: FRC) surged as much as 32% this morning before giving back some of those gains. First Republic traded close to 16% higher as of 11:37 a.m. ET today. The jump comes after First Citizens BancShares (NASDAQ: FCNCA) anno...

2023-03-27 11:25:32 ET Summary First Citizens announced that it would acquire most of SVB's operating assets out of FDIC receivership. The deal terms look quite favorable for First Citizens, including a $16.5B discount on the acquired assets, a loss-sharing agreement, and favorabl...

2023-03-27 09:20:00 ET Summary While the final Q4 ’22 GDP estimate and the GDP deflator will get a lot of lip service, the big data point this week will be Friday’s PCE deflator data for February ’23. While Jay Powell is saying the Fed funds rate reductions ar...

2023-03-27 06:23:56 ET Summary Investor panic over the banking crisis has caused a recent exodus from the Financial Sector ETF, resulting in significant underperformance relative to the S&P 500. However, before investors panic further, we've spotted a potential mean-reversion ...

2023-03-26 21:45:07 ET Summary Don't let the regional bank scare, scare you away from the rally. I may be overly optimistic, but there is a chance that we could have another January-type bear market rally. Just be aware of where the exit is when the party ends in a panic. The ...

2023-03-26 10:51:49 ET U.S. regulators are evaluating expanding an emergency lending facility for banks that would potentially give First Republic Bank additional time to shore up its balance sheet. An expansion of the Federal Reserve's emergency lending plan is just one of several ...

2023-03-26 08:04:20 ET Summary PacWest Bancorp has not been immune to the carnage seen in the banking industry, and understandably so. The management team at the company has provided a good deal of transparency and clarity into the firm's financial condition. Overall, the comp...

2023-03-25 23:28:04 ET Summary The Fed’s liquidity measures have so far worked to prevent further deposit runs. A serious of 8K disclosures lately were meant to calm investors, but investors remain on edge. According to a WSJ report, First Republic Bank may have lost $7...

2023-03-25 09:00:00 ET Summary John's retirement accounts generated a total of $1,312.50 of dividend income for February 2023 vs. $1,188.66 of dividend income for February 2022. John's Traditional IRA had a balance of $357.3K as of February 28, 2023, vs. $356.8K on February 28, 20...