First Republic Reports Strong Second Quarter Results
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FBR Capital Downgrades First Republic Bank (FRC) to Market Perform on Valuation
July 17, 2015 8:03 AM EDTFBR Capital downgraded First Republic Bank (NYSE: FRC) from Outperform to Market Perform with a price target of $65.00 despite solid Q2 results, citing valuation.
Analyst Paul Miller Jr. commented, "First Republic reported a solid 2Q15 earnings result and is likely largely past... More
