FRC News and Press, FIRST REPUBLIC BANK From 04/26/23

2023-04-26 09:30:00 ET Summary Although we have been optimistic about a smaller bank model, the drastic bank run has made restructuring the only option for FRC. Combined with the expensive short-term borrowing and impacted profitability, the bank has a relatively challenging uphil...

2023-04-26 08:32:05 ET ZyVersa Therapeutics ( ZVSA ) -45% . Enphase Energy ( ENPH ) -17% . after Q1 earning release . First Republic Bank ( FRC ) -14% on deposit drop ; SPOT, XRX climb on earnings news; PKG declines. Apollomics ( APLM ) -1...

2023-04-26 08:08:00 ET Embattled bank First Republic (NYSE: FRC) reported its highly anticipated first-quarter earnings results after the market closed on April 24. While the headline numbers beat analyst estimates pretty easily, I don't think the bank is in any better shape tha...

2023-04-26 07:00:00 ET Summary After losing more than $100B in investor deposits, the White House, Fed & Treasury are considering a bailout under an “open bank” rescue plan. Investors want their deposits back, and after plunging 50% on Tuesday following Q1 result...

2023-04-26 01:04:28 ET First Republic Bank ( NYSE: FRC ) stock collapsed by more than 40% on Tuesday as the company delivered weak financial results. The shares plunged to a low of $8.10, ~94% below the highest point this year and ~96% below its all-time high. There are high chances...

2023-04-25 17:46:15 ET Wall Street experienced a wave of selling on Tuesday, following a recent string of uncertain sessions. Amid concerns about corporate results, the Nasdaq posted a decline of nearly 2%, while the S&P 500 dropped about 1.6%. Earnings news remained a key driver. P...

Stocks slipped Tuesday after First Republic Bank's earnings report reignited concerns about the broader sector. The Dow Jones Industrials lost their grip on 331.88 points, or 1%, to 33,543.52. The S&P 500 shed 65.33 points, or 1.6%, to 4,071.71. The NASDAQ faltered 238.05 points, ...

2023-04-25 16:08:28 ET Concern about corporate earnings weighed on U.S. stocks on Tuesday. The Nasdaq led the major equity averages lower, with the tech-heavy index dropping by nearly 2%. The Nasdaq Composite ( COMP.IND ) closed -2.0%, the S&P 500 ( SP500 ) ended -1.6%...

2023-04-25 15:49:33 ET Shares of First Republic Bank (NYSE: FRC) had plunged by about 46% as of 3:38 p.m. ET Tuesday after the beleaguered regional bank released its first-quarter results Monday night. First Republic has been in the spotlight since early March, as its business m...

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...