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2023-04-28 07:17:19 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Cloudy outlook erases Amazon's ( AMZN ) big post-earnings gains. Pinterest ( PINS ) falls 6% as Q1 beats, but Q2 costs ramp higher. Snap ...
2023-04-28 05:26:19 ET The U.S. government is "coordinating urgent talks" to save First Republic Bank ( NYSE: FRC ) as "private-sector efforts led by the bank's advisers have yet to reach a deal." That's according to Reuters, which said the FDIC, Treasury Department and Federal Rese...
2023-04-27 16:11:05 ET U.S. stocks surged on Thursday as strong earnings from Meta ( META ) encouraged buying in the technology space. Meanwhile, stabilization in First Republic ( FRC ) signaled easing tension in the regional banking space. The Nasdaq Composite ( COMP.IND ) ...
2023-04-27 14:19:24 ET Summary The situation at San Francisco-based First Republic appears to be rapidly deteriorating, according to a flurry of reporting over the past few days. As of the end of last year, First Republic was America's 14th largest bank. Bloomberg recently rep...
2023-04-27 13:15:00 ET The bear market in the S&P 500 has dragged on for quite a while. Though there was some hope that the popular market average would enter a bull market after a strong start to 2023, the latest round of bank woes has many curbing their bullishness. Still, a bull ...
2023-04-27 13:01:56 ET The market averages rose during Thursday's midday session, fueled by significant technology stocks, including Facebook-owner Meta ( META ), which led the gains with a major jump, and a reduction in fears in the regional banking sector, with First Republic ( FRC ...
2023-04-27 12:02:52 ET Gainers: TOP Financial Group ( TOP ) +211% . First Republic Bank ( FRC ) +11% . Siebert Financial ( SIEB ) +11% on Kakao Pay deal . Trupanion ( TRUP ) +10% . Goosehead Insurance ( GSHD ) +10% on Q...
2023-04-27 10:00:00 ET Nowadays, it seems there’s always something to worry about in the market. The latest news is that the banking shakeup has hit San Francisco-based regional bank First Republic Bank ( NYSE:FRC ). The bank stock has lost more than 94% of its value ...
2023-04-27 09:31:15 ET There's no getting around it. First Republic Bank (NYSE: FRC) dished out disappointing first-quarter numbers. Chief among them is the $100 billion tumble in total customer deposits, driving shares 49% lower on Tuesday following Monday's post-close release of t...
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 ...
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2023-05-08 08:18:37 ET Regional bank stocks continued surging on Monday as the recent concerns about the industry faded. The SPDR S&P Regional Banking ETF (KRE) stock jumped by more than 2% in the pre-market after it rose by over 6% on Friday. PacWest stock price leads gains ...
2023-05-03 11:42:47 ET Recently, JPMorgan Chase (NYSE: JPM) acquired most of the assets and certain liabilities from First Republic (NYSE: FRC) , which was seized by state regulators and placed into receivership under the Federal Deposit Insurance Corp. (FDIC). There wer...
2023-05-02 16:58:38 ET Bank stocks got creamed today, as concerns over the banking crisis did not alleviate after JPMorgan Chase (NYSE: JPM) acquired most of the assets of First Republic (NYSE: FRC) , which regulators seized yesterday. Shares of Bank of America (NY...