FBR Capital Raises price Target on First Republic Bank (FRC) Following 3Q Report
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First Republic Reports Strong Third Quarter 2016 Results
October 13, 2016 8:00 AM EDTSAN FRANCISCO, Oct. 13, 2016 /PRNewswire/ -- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended September 30, 2016.
"We're pleased with third quarter results. Our client-centric business model continues to perform very well," said Chairman and CEO Jim Herbert. "Revenue and earnings per share grew nicely, as did wealth management assets, which now exceed $80 billion."
Quarterly Highlights
Financial Results
Compared to last year's third quarter: Revenues were $557.9 million, up 19.0%. Net income... More
