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FRC News and Press FIRST REPUBLIC BANK
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2023-03-23 08:13:54 ET Summary Markets fell sharply before close after the Federal reserve press conference. Regional and big banks are both on close watch after some fell to 52-week lows. Continue with an overweight allocation in cash and treasury bonds. Markets for...
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2023-03-23 07:20:30 ET Fitch Ratings downgraded First Republic's ( NYSE: FRC ) long-term issuer default rating to B from BB late Wednesday, bringing it deeper into junk territory. The ratings company kept it on Rating Watch Negative, meaning that Fitch may cut the credit rating ...
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2023-03-23 07:16:44 ET Summary Fifth Third Bank has little similarities to failed U.S. regional banks. Nearly 100% of its securities are classified as AFS, with no hidden losses through HTM. Fed’s Bank Term Funding Program allows FITB to cover 65% of uninsured deposits....
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2023-03-23 07:14:11 ET Citigroup ( NYSE: C ) CEO Jane Fraser told the Economic Club of Washington D.C. on Wednesday, as reported by Reuters, that she has confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. "The ...
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2023-03-23 05:19:17 ET After closing 16% down in yesterday's trading session, First Republic Bank ( NYSE: FRC ) rose 4.4% in premarket trade today, Thursday after Treasury Secretary Janet Yellen's comments. Yellen said that regulators are not looking to provide blanket deposit...
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2023-03-22 20:56:25 ET Summary As expected, the FOMC raised rates by 0.25% at their meeting this week, bringing the Fed funds rate to a range of 4.75% to 5.00%. The decision was unanimous, and the Fed signaled one more hike to follow. However, this almost certainly isn't enoug...
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2023-03-22 14:14:58 ET Citi has withdrawn its "Neutral" recommendation on struggling lender First Republic Bank, keeping the bank "Under Review" owing to the recent swing in its shares. Given "recent volatility in the shares, the lack of information on specific deposit outflows and a wi...
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2023-03-22 13:59:54 ET The second Fed meeting is today, meaning the markets are embattled in a tug-o-war between bulls and bears. Whether you’re trading penny stocks , which we discuss frequently, or higher-priced company stocks, what is decided today by the Federal Reserve could...
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2023-03-22 13:59:52 ET Summary The John Hancock Financial Opportunities fund (BTO) has had an enviable record over the years as one of the most successful equity CEFs of all time. But these last few weeks in the financial sector have showed that no fund is immune from a crisis. ...
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2023-03-22 12:11:00 ET Summary Reverberations for the economy remain a threat, but for the moment the odds of contagion risk that spreads across the financial system seem to be receding. Fears of wider, global crisis swirled as Switzerland-based Credit Suisse looked set to implode...
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