Raymond James Upgrades First Republic Bank (FRC) to Strong Buy

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FIG Partners Downgrades First Republic Bank (FRC) to Market Perform

July 17, 2014 7:44 AM EDT

FIG Partners downgraded First Republic Bank (NYSE: FRC) from Market Outperform to Market Perform with a price target of $48.00 (from $59.00).

For an analyst ratings summary and ratings history on First Republic Bank... More

Goldman Sachs Comments on Decline in First Republic Bank (FRC) in Wake of Q2 Call

July 17, 2014 7:40 AM EDT

Goldman Sachs maintained a Buy rating on First Republic Bank (NYSE: FRC) and lowered its price target to $51.00 (from $59.00). Analyst Ryan M. Nash commented on the stock's decline following its recent Q2 conference call.

"While 2Q14 results were in line with our expectations, shares materially underperformed (-15.1% vs. BKX: +0.7%) as FRC outlined a plan to prepare for becoming a $50bn bank--which included ramping up expenses (about $15mn) in BSA/AML, risk management and other areas, as... More

New York Community Bancorp (NYCB) Follows First Republic Bank (FRC) Lower

July 16, 2014 3:04 PM EDT

New York Community Bancorp, Inc. (NYSE: NYCB) declined Wednesday in sympathy with First Republic Bank (NYSE: FRC). Shares of First Republic were hit on comments made during its Q2 conference call.

... More

UPDATE: First Republic Bank (FRC) Lower; Conference Underway

July 16, 2014 2:31 PM EDT

(Updated - July 16, 2014 3:12 PM EDT)

First Republic Bank (NYSE: FRC) declined Wednesday afternoon. Its Q2 conference call began at 2pm (link).

Update: A Bloomberg... More

First Republic Bank (FRC) Posts In-Line Q2 EPS of $0.76

July 16, 2014 7:09 AM EDT

First Republic Bank (NYSE: FRC) reported Q2 diluted EPS of $0.76, in-line with the analyst estimate of $0.76. Core diluted EPS were $0.69, up 7.8%.

Loans sold totaled $1.3 billion in the second quarter, compared to $945.4 million for the same period a year... More