FRC News and Press, FIRST REPUBLIC BANK From 04/15/23

2023-04-15 03:35:00 ET Summary One of the first things many people did after SVB hit the news was to pull their money out of their local mom-and-pop banks and put it into one of the banking giants. On April 14, we got some hard data about this trend as the largest banks kicked off...

2023-04-15 01:42:06 ET Summary Work from home disruption, a slowing economy, and rapidly rising interest rates are combining to challenge office landlords like never before. Meanwhile, regional banks have outsized exposure to commercial real estate, particularly office buildings. ...

2023-04-14 23:00:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. Equity markets generat...

2023-04-14 14:02:00 ET Summary S&P 500 EPS growth for Q1 2023 is set to come in at -6.8%, the lowest rate in nearly 3 years. Themes from Q1 and for CY 2023: inflation, increasing interest rates, possibility of recession, banking crisis, softening employment. The LERI shows...

2023-04-14 12:51:00 ET Summary Even after a string of financial failures that sent depositors running for the hills, it’s a good time to be a giant U.S. bank. More troublesome than the level of deposits is the cost of those that stay, which is also rising. While it ...

2023-04-14 03:15:00 ET Summary Pernas Research focuses on identifying attractively priced companies that fit into one of two categories: those with the potential to sustain and expand their future cash flows, and those with cash flows that require improvement but have a clear path to ...

2023-04-13 14:57:44 ET Summary M&T Bank has a stronger deposit franchise than many of its peers, with less reliance on large uninsured deposits, more "Main Street" depositors, and lower than average deposit costs. Credit quality in the CRE portfolio is likely to be a key watch...

2023-04-13 14:14:47 ET Exchange traded funds focused on the banking and financial sectors will be in focus over the next several days as investors receive Q1 earnings figures from some of the most prominent financial institutions on Wall Street. The reports represent the first quarterly upd...

2023-04-12 14:56:13 ET Summary The management team at First Republic Bank announced that it had decided to suspend the distributions on their preferred stock. This move is a big, but unexpected, blow to holders of those units, and it makes a lot of sense for First Republic Bank to...

2023-04-12 03:30:00 ET Summary Fiduciary Management, Inc. is an independent money management firm. FMI’s equity investing strategies apply a value discipline, with a focused approach firmly rooted in fundamental research. Our two most impacted holdings during this recent cr...