By Kuldip K. Ambastha
The stock price of First Republic Bank (FRC), a financial institution, continues to have a bumpy ride, per the table above. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of March 13-17, 2023; By Kuldip K. Ambastha.”) Continued turmoil among American regional banks alongside worries in European institutions did not help matters. Skeptics are concerned about the ability of First Republic to originate mortgage loans and retain client bank deposits. Also, uncertainty around American governmental support for First Republic clouds the picture further.
Keywords – First Republic Bank, First Republic, FRC, financial institution, American, European, mortgage loans, bank deposits, government.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in FRC.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2023 – Ambastha Financial LLC.
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