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Congratulations FRC investors / traders


ramudu

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3 minutes ago, dasari4kntr said:

First Republic Bank (FRC)

 
 
17.30+5.11 
 
nice...
 
hope its not PUMP...

it is not PUMP bro .... it is fundamentally very strong stock .... people suddenly realized it this morning 

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  • 5 weeks later...

Analysts Find it Tough to Pin Down First Republic's Quarterly Results

Widely varying projections reflect uncertainty about bank's financial condition

https://www.investopedia.com/first-republic-q1-fy-2023-earnings-preview-7482738?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo

 

 

chatGPT summary...

Title: Analysts Find it Tough to Pin Down First Republic's Quarterly Results

Key Takeaways:

  • First Republic Bank's stock lost most of its value amid last month's banking turmoil.
  • Investors await the bank's quarterly earnings next week, with projections being uncertain.
  • Investors also seek a balance-sheet update, especially a review of the bank's real estate loan portfolio.

Summary: First Republic Bank, a San Francisco-based regional bank, faced major challenges during last month's global banking turmoil. The uncertainty around the bank's financial condition led analysts to provide widely varying projections for its first-quarter financial results. The company's stock lost 89% of its value in March due to concerns about unrealized losses on fellow lenders' balance sheets. Investors are eager to see First Republic's quarterly earnings and an update on its balance sheet, particularly its real estate loan portfolio, as real estate mortgages account for 83% of the bank's loans.

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