FRC News and Press, FIRST REPUBLIC BANK From 05/01/23

2023-05-01 12:58:33 ET The FDIC took over First Republic Bank (NYSE: FRC) , and sold it to JPMorgan Chase (NYSE: JPM) in a deal that came together over the weekend, giving JPMorgan a lot of wealthy (and profitable) new banking relationships. Does the deal make it worth buyin...

2023-05-01 12:45:45 ET The U.S. Treasury Department said it's "encouraged" that First Republic Bank ( NYSE: FRC ) was resolved "with the least cost" to the industry-sponsored Deposit Insurance Fund, calling the country's banking system sound and resilient, according to a Reuters rep...

2023-05-01 12:30:54 ET During Monday's intraday session, major market averages were mostly up after federal officials seized First Republic Bank ( FRC ) and sold its deposits and the majority of its assets to JPMorgan Chase ( JPM ). Looking at the specific stocks, Norwegian Crui...

2023-05-01 12:20:59 ET Regional banks remain front and center as Wall Street navigates through the latest banking crisis, with First Republic Bank ( FRC ) now being taken over by JPMorgan ( JPM ). This came as regulators stepped in to protect depositors from turmoil at the inst...

2023-05-01 12:11:04 ET Summary JPMorgan won the rushed auction to acquire First Republic and prevent another messy bank failure after First Republic experienced a fatal level of deposit outflows and a mismatched balance sheet. JPMorgan is acquiring loans and securities from First ...

2023-05-01 11:07:38 ET Regional bank stocks are mixed in Monday trading after the First Republic Bank ( NYSE: FRC ) crisis is resolved with the FDIC taking over the bank and selling most of its assets to JPMorgan Chase ( NYSE: JPM ). The KBW Nasdaq Regional Banking Index...

2023-05-01 10:48:05 ET Shares of JPMorgan Chase (NYSE: JPM) , the largest bank by assets in the U.S., traded more than 3% higher as of 10:36 a.m. ET today after the bank announced that it would acquire most of the assets from First Republic Bank (NYSE: FRC) . Earlier thi...

2023-05-01 10:46:41 ET Summary It's now official - JPMorgan Chase has agreed to take over First Republic Bank in a government-led deal. In this article I provide the key conditions of the deal. I see JPM as the industry leader with the largest moat possible. Also, I see r...

2023-05-01 10:14:00 ET The saga of First Republic Bank (NYSE: FRC) came to a close over the weekend, as the Federal Deposit Insurance Corporation (FDIC) took over the San Francisco-based financial institution. The regulatory agency then entered into an agreement with the banking sub...

2023-05-01 09:35:17 ET Summary Today, we take a deeper look at luxury home builder Toll Brothers, Inc., which had a solid first quarter but is expected to see earnings declines over the next two years. The stock seems cheap on a trailing P/E basis, but insider selling has picked u...