FRC News and Press, FIRST REPUBLIC BANK From 04/27/23

2023-04-27 07:50:42 ET Summary Shares of First Republic Bank have come under renewed pressure as concerns weigh over the company's ability to survive. Deposits plunged over the past quarter, and the company looks forced to consider significant asset sales. Whether the company ...

2023-04-27 07:25:22 ET Summary First Republic is continuing to lose income on each day of operations, as high-interest rate borrowings put it in a tough position. The company will likely need to be rescued, with the recent share price performance potentially leading to another run...

2023-04-27 05:48:37 ET Stock index futures point to a higher open Thursday as Big Tech earnings continue to impress and bank worries eased. Nasdaq 100 futures ( NDX:IND ) +0.9% , S&P futures ( SPX ) +0.6% and Dow futures ( INDU ) +0.3% were higher. "T...

2023-04-27 04:53:04 ET The plunge in shares of First Republic ( FRC ) brought out some betting that the Fed could think twice on a rate hike next week. First Republic is down 60% for the week and sank 30% on Wednesday as it looked to get larger banks to buy long-dated securities...

2023-04-26 17:42:05 ET Wall Street put in a mixed performance on Wednesday. Worries about the banking sector weighed on the S&P 500 and Dow. Meanwhile, the Nasdaq was able to post a modest gain, helped by an earnings-related rally in Microsoft. First Republic Bank ( FRC ) was at...

2023-04-26 17:30:10 ET First Republic Bank ( NYSE: FRC ) stock dropped 30% more, plumbing new lows, in Wednesday regular trading as the bank seeks to convince other banks to buy $50B-$100B of its long-dated and mortgage securities in an effort to shore up its balance sheet. ...

2023-04-26 16:06:51 ET The S&P 500 and Dow finished Wednesday's trading in the red, dragged down by ongoing banking concerns. Meanwhile, an earnings-inspired rally in Microsoft ( MSFT ) buoyed the tech-heavy Nasdaq, allowing the index to post a modest gain. The Nasdaq Composite ...

2023-04-26 15:21:43 ET First Republic Bank ( NYSE: FRC ) has yet to reach a private deal to shore up its balance sheet, prompting the Federal Deposit Insurance Corp. to consider cutting the embattled regional lender's ratings, Bloomberg reported Wednesday, citing people with knowled...

2023-04-26 13:59:01 ET Bank stress is back on the front-burner, after reports that Federal Republic is seeking to sell $50B-$100B of underwater assets at above-market prices in return for equity warrants, said Evercore ISI Vice Chair Krishna Guha. Of course, First Republic Bank ( NYSE...

First Republic Bank (NYSE: FRC) is one today's most active stocks by volume. So far today, approximately 139.28M shares of First Republic Bank have been exchanged, as compared to an average 30-day volume of 44.93M shares. First Republic Bank, together with its subsidiaries, provides private ba...