After-hours movers: First Republic sinks as deposits plunge, Whirlpool gains on 'beat'
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First Republic Bank (FRC) exploring potential $100bn in asset sales - Bloomberg
April 25, 2023 1:33 PM EDTBloomberg reported Tuesday that sources have told them First Republic Bank (NYSE: FRC) is mulling divesting $50 billion to $100 billion of long-dated securities and mortgages as part of a larger plan to improve its financial situation.
The potential sales would help decrease the banks... More
Citi Resumes First Republic Bank (FRC) at Sell
April 25, 2023 8:17 AM EDTCiti analyst Arren Cyganovich resumes coverage on First Republic Bank (NYSE: FRC) with a Sell rating and a price target of $11.00.
The analyst comments "First Republic lost over $100B of deposits excluding the $30B it received from large banks. The high cost... More
