Jefferies upgraded First Republic Bank from Hold to Buy
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2023 | $6.00 → $2.00 | Outperform → In-line | Evercore ISI |
| 4/25/2023 | Buy → Hold | Maxim Group | |
| 4/25/2023 | $11.00 | Sell | Citigroup |
| 4/25/2023 | $10.00 → $8.00 | Neutral → Sell | Janney |
| 3/17/2023 | Overweight → Neutral | Argus | |
| 3/17/2023 | $140.00 → $5.00 | Outperform → Neutral | Wedbush |
| 3/13/2023 | $168.00 → $130.00 | Buy → Neutral | Compass Point |
| 3/13/2023 | Strong Buy → Mkt Perform | Raymond James |
Evercore ISI downgraded First Republic Bank from Outperform to In-line and set a new price target of $2.00 from $6.00 previously
Maxim Group downgraded First Republic Bank from Buy to Hold
Citigroup resumed coverage of First Republic Bank with a rating of Sell and set a new price target of $11.00
NEW YORK, May 1, 2023 /PRNewswire/ -- S&P MidCap 400 constituent Axon Enterprise Inc. (NASD: AXON) will replace First Republic Bank (NYSE:FRC) in the S&P 500, and STAG Industrial Inc. (NYSE:STAG) will replace Axon Enterprise in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 4. The Federal Deposit Insurance Corp. (FDIC) announced that it has taken First Republic Bank into FDIC Receivership and therefore First Republic Bank is no longer eligible for inclusion. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 4, 2023 S&P 500 Add
First Republic Bank (NYSE:FRC) today announced financial results for the quarter ended March 31, 2023. Jim Herbert, Founder and Executive Chairman, and Mike Roffler, CEO and President of First Republic said, "With the stabilization of our deposit base and the strength of our credit quality and capital position, we continue to take steps to strengthen our business. We remain fully committed to serving our communities, and we are grateful for the ongoing support of our clients and colleagues." Financial Results Year-over-year: Revenues were $1.2 billion, down 13.4%. Net interest income was $923 million, down 19.4%. (1) Net income was $269 million, down 32.9%. Diluted earning
First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it plans to release first quarter 2023 financial results after the market closes on April 24, 2023. First Republic Bank will conduct a conference call to share the results at 1:30 p.m. PT / 4:30 p.m. ET the same day. To access the conference call by telephone, please dial (877) 400-0505 and provide confirmation code 3782547 approximately 15 minutes prior to the start time (to allow time for registration). International callers should dial +1 (856) 344-9221 and provide the same confirmation code. To access the conference call online, please visit the Investor Relations section of First R