FRC News and Press, FIRST REPUBLIC BANK From 04/20/23

2023-04-20 07:15:00 ET First Republic Bank ( NYSE: FRC ) stock price is unloved and unwanted as investors worry about the company’s future. The shares have moved sideways close to its lowest level this year as investors wait for more data. They have lost over 90% of their val...

2023-04-20 05:20:00 ET First Republic (NYSE: FRC) is in trouble. The bank not only eliminated its dividend, but it also suspended dividends on preferred shares. That's one of those last-ditch things a company does when cash is in extremely short supply. Most investors should avoid i...

2023-04-19 18:16:00 ET Wednesday wasn't exactly a difficult Hump Day for shares of regional American lenders; in fact, it proved to be quite good for them. A prominent one that did rather well was First Republic Bank (NYSE: FRC) , the share price of which shot 12% higher thanks to s...

2023-04-19 16:19:02 ET Summary The large AOCI losses relative to adjusted book value pose a risk to Prudential Financial's financial strength. Despite these headwinds, Prudential Financial has performed strongly in recent years during a low interest rate environment. I am conc...

2023-04-19 07:30:00 ET Summary First Republic Bank is on life support. The value of equity is deeply negative. The loan portfolio is largely fixed and funding costs have just gone up materially. It is equivalent to holding a long-duration bond on a 10:1 leverage and just r...

2023-04-18 21:00:00 ET Summary This isn’t going to be another history of the meltdown of Silicon Valley Bank - rather than merely recount the developments, I’m going to discuss their significance. A number of things about SVB made it somewhat of a special case ȁ...

2023-04-17 01:10:04 ET Summary I began accumulating Arrow Financial shares in September 2021. In December I reduced bank equity holdings in favor of buying no-risk CDs yielding ~4.5%. This decision meant the sale of certain banks, including Arrow (sales price $32/cost ~$34). R...

2023-04-16 15:20:00 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify 2:00 - Fed rhetoric and interest rates 4:50 - Recent bank earnings, what it means for the financial sector. 8:15 - Charles Schwab ( S...

2023-04-15 16:10:00 ET Summary Kirk Spano on recent earnings and why big banks are in really good shape. What's really behind market volatility. Schwab absorbing TD Ameritrade is a big deal nobody's talking about. Charting Bitcoin's course. Compelling names in space an...

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...