FRC News and Press, FIRST REPUBLIC BANK From 04/25/23

2023-04-25 15:44:22 ET Summary I compared First Republic's 1Q23 earnings results to my past assessment. I project my forward-looking perspective onto its dire 2Q23 situation. I explore various paths to its equity survivorship. Background I analyzed First Republic...

2023-04-25 13:30:38 ET Gainers: CXApp ( CXAI ) +82% . Petros Pharmaceuticals ( PTPI ) +49% . LogicMark ( LGMK ) +28% . Apollomics ( APLM ) +23% . The Aaron's Company ( AAN ) +18% . Baudax Bio ( BXRX ) +18% . Predi...

2023-04-25 13:20:59 ET First Republic Bank ( NYSE: FRC ) is reportedly considering divesting $50B-$100B of long-dated securities and mortgages as part of a larger restructuring plan. The bank has been struggling with deposit outflows as the failures of Silicon Valley Bank, Signa...

2023-04-25 12:01:03 ET Gainers: Blue Foundry Bancorp ( BLFY ) +6% on share buyback . Home Federal Bancorp, Inc. of Louisiana ( HFBL ) +6% . Losers: HomeStreet ( HMST ) -34% on Q1 results . First Republic Bank ( FRC ) -29% ...

2023-04-25 10:30:42 ET Summary First Republic Bank's current situation can be compared to a person in a vegetative state kept alive by a plug: in this case, the plug is the FED's loans. The Fed has not yet been able to save First Republic. Basically, in just three months, Firs...

2023-04-25 09:36:34 ET The next few days are expected to be crucial for the fate of First Republic Bank ( NYSE: FRC ) after the bank on Monday reported net deposit outflows of $72 billion during the quarter. First Republic plunged 27%. One scenario being considered is t...

2023-04-25 09:04:56 ET TRACON Pharmaceuticals ( TCON ) -51% after I-Mab gets favorable ruling in arbitration. Appreciate Holdings ( SFR ) -26% . First Republic Bank ( FRC ) -22% after Q1 earning release . Netcapital ( NCPL ) -22% . T...

2023-04-25 07:24:55 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify First Republic ( FRC ) stock slides after deposits sank by more than $70B in Q1. GM ( GM ) and Samsung ( SSNLF ) may join hands to se...

2023-04-25 00:06:39 ET Summary First Republic Bank reported mixed Q1'23 results, with numbers beating analyst estimates, but revenues fell 16%. FRC didn't provide any guidance, and the collapse in deposits leaves the regional bank in a dire financial position going forward without...

2023-04-24 22:40:00 ET Summary The Q1 earnings release was not pretty. Deposit outflows were higher than expected at $103 billion. First Republic Bank is on life support. I suspect it is being readied for a sale transaction. My view remains that the equity is worthless...