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.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in FRC.
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