November 22, 2024

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Why did the First Republic Bank share price crash – what is the outlook?  (NYSE: FRC)

Why did the First Republic Bank share price crash – what is the outlook? (NYSE: FRC)

Ann Chishus

Pitch elevator

I have a neutral or neutral rating assigned to First Republic Bank’s (New York Stock Exchange: FRC) Involved. FRC’s share price has collapsed nearly 90% in one month, and current valuation multiples are attractive both in absolute and historical terms.

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First Republic Bank's new deposits and borrowings

FRC press release dated 16 March 2023

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