FRC News and Press, FIRST REPUBLIC BANK From 10/19/20

ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. In a narrow market concentrated in mega cap stocks, the S...

Washington Federal reported a pretty sector-typical quarter, with weaker spread income but lower provisioning expense. Management has succeeded in diversifying the loan book away from mortgages, but has also continued to lose share in its core market. Washington Federal returns a ...

Earnings will likely remain high in the coming quarters due to decent loan growth. FRC’s expansion plans will likely drive operating expenses in the coming quarters. The credit risk level is low because FRC’s exposure to COVID-19-sensitive industries is limited, and ...

Some banks are doing good given the times while others are struggling. Credit loss provisions are down QoQ and credit losses are expected in  Q4 2020 and FY2021. The outlook is short term cautious and medium to long term bullish. For further details see: Takeaways F...

Ensemble Capital Management, LLC is based in Burlingame, California, midway between Silicon Valley and San Francisco. The firm offers customized portfolio management and philanthropic solutions with unparalleled client service. The study of epidemiology will not provide an accurate fo...

Wedgewood Partners is a money manager founded in 1988 with the goal of providing investors with a superior approach to managing investment portfolios. For the third quarter 2020, our Composite (net) gained +10.77%. The S&P 500 Index gained+8.93%. The Russell 1000 Growth Index gain...

First Republic delivered a strong Q3 with beats in revenue and EPS with strong loans and deposits growth and lowered credit loss provisions. It has limited exposure to risky sectors that are due to perform poorly in a recession. First Republic has a high-quality portfolio coupled ...

First Republic probably won't have the best earnings relative to analyst expectations for Q3, but the mid-single-digit pre-provision growth compares very well, as does the 19% loan growth. Credit remains virtually pristine and overall deferrals and risk exposures to COVID-19 remain lo...

The SPDR Financial Sector ETF ([[XLF]], -0.4%) is lower, with another day of disappointment in commercial banking outweighing the enthusiasm for investment banking strength.Wells Fargo ([[WFC]], -5.1%) is bringing up the rear in XLF, followed by Bank of America ([[BAC]], -4.1%)...

Image source: The Motley Fool. First Republic Bank (NYSE: FRC) Q3 2020 Earnings Call Oct 13, 2020 , 10:00 a.m. ET Operator Continue reading For further details see: First Republic Bank (FRC) Q3 2020 Earnings Call Transcript