First Republic Bank stock

But its stock plunged more than 60% in premarket trading Monday despite the attempts to reassure customers about the strength of its business. First Republic ...

[eight times](https://www.nasdaqtrader.com/trader.aspx?id=tradehalts) in the first 45 minutes of trading despite the attempts to reassure customers about the strength of its business. worked overtime Sunday to reassure clients about the safety of its business after the collapse of Silicon Valley Bank last week sparked fears of contagion in the banking industry. ](https://www.barrons.com/market-data/stocks/frc)

Shares of First Republic Bank plunged in premarket trading, leading losses among regional banks, despite efforts by U.S. regulators to calm investors after ...

Among the other notable moves:\n\nWestern Alliance Bancorp's shares slid 68%\nPacWest Bancorp's stock tumbled 44%\nComerica's stock fell 23%\nZion Bancorporation's stock fell 27%\nFifth Third Bancorp's stock lost 10%\nCharles Schwab's shares lost 11%\nBank of America's stock fell 4.2%\nWells Fargo's stock slid 3.1%\n\nThe premarket moves extend a volatile stretch of trading for First Republic, which tumbled 29% in the final two sessions of last week. After the quick collapse of Silicon Valley Bank, in addition to the closures of Signature Bank and Silvergate Capital in recent days, investors have been dumping shares of banks that have potentially similar profiles.\n\nFirst Republic's customers are businesses and wealthy individuals on the coasts, many of whom were no longer content to leave their money in accounts that earned little yield when other high-interest alternatives exist. regulators to calm investors after the collapse of Silicon Valley Bank.\n\nFirst Republic shares were recently down 63% premarket after sliding more than 70% earlier.

First Republic Bank shares plunged by about 60% in premarket trading on Monday even after the regional lender announced steps to shore up its balance sheet.

“In light of recent industry events, the last few days have caused uncertainty in the financial markets,” First Republic senior executives said in an email to clients viewed by CNN. “But it doesn’t change the fact that there’s still problems — you’re just basically buying time to sort the problems out in a better way.” The same protections would be in place for customers of Signature, a New York regional lender that folded when depositors were apparently spooked by SVB’s demise. “It’s a confidence-crisis risk,” he said. First Republic lists $213 billion in assets. First Republic shares fell more than 60% and were briefly halted for volatility.

As of the time of writing, equity shares of First Republic are off more than 65%, and trading has been halted as mentioned.

First Republic Bank shares were halted from trading on the New York Stock Exchange Monday as it moved to assure investors that spillover from the collapse ...

The stocks of other regional banks, including Zions, Pacific West and Western Alliance, also took a beating.

Kathy Hochul said Monday in a [tweet](https://twitter.com/GovKathyHochul/status/1635277077133008896). [2008](https://apnews.com/article/08aeb5a6c9d542ccb6d6154d4fa1e3a6) at the height of the financial crisis. In a statement on Sunday, CEO Mike Roffler said the bank "continues to fund loans, process transactions and fully serve the needs of clients." The bank's closure marked the largest failure of a financial institution since Washington Mutual in [regulators in New York shuttered Signature Bank](https://www.cbsnews.com/news/signature-bank-new-york-closed-silicon-valley-bank/). "No bank is immune, but this pressure will likely be most pronounced among banks with a larger mix of rate sensitive customers."

Is it safe to say the word “bank” yet without causing shares of any players in the sector to fall dramatically? Probably not, as the market activity around ...

Long believes that eventually First Republic can get back to “driving growth and improved profitability,” so long as the panic amongst bank depositors cools down following the bank regulators’ support. It is very important to do your own analysis before making any investment. (To watch Long’s track record, Probably not, as the market activity around First Republic Bank ( [FRC stock forecast](https://www.tipranks.com/stocks/frc/forecast)) Additionally, that figure does not factor in the possibility for more liquidity under the Federal Reserve’s announced Bank Term Funding Program.

Following Silicon Valley Bank's collapse, SF-based First Republic Bank saw its own stock price crater Monday morning amid a wider bank selloff.

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Will recent bank failures lead to contagion, or will the problem be contained? Speculative investors can bet on First Republic Bank (NYSE:FRC) if they're ...

On the other hand, it’s reassuring that the company has the backing of the Federal Reserve Bank and JPMorgan Chase. At the same time, it’s perfectly understandable if more cautious investors choose to stay far away from First Republic Bank and seek other financial stocks. Fortunately, there are reasons to believe — though there are no guarantees, of course — that First Republic Bank may weather the crisis. While this magnitude of volatility is happening, investors might not be able to assign a meaningful P/E ratio to First Republic Bank, and it’s hard to know whether the company’s [3.5% dividend yield](https://www.tipranks.com/stocks/frc/dividends) is reliable. In any event, First Republic Bank’s management insists that the company remains well-capitalized and financially sound. This doesn’t necessarily mean that everyone should invest in First Republic Bank right now. Investors are already aware of this, and the billion-dollar question is whether the company can continue and succeed as a going concern. The fallout from the SVB fiasco includes collateral damage, and First Republic Bank and its shareholders are sitting on heavy losses at the moment. [First Republic Bank stock declined around 62%](https://www.tipranks.com/stocks/frc) on Monday after already having lost substantial value on Thursday and Friday of last week. The question is: are you really willing to bank on a comeback with First Republic Bank? Regional bank stocks are sometimes considered to be a fairly safe bet. Speculative investors can bet on First Republic Bank (

Investors responding to bank failures back away from banks with large amounts of uninsured deposits.

[Groupon Promo Code - 30% Off](https://www.wsj.com/coupons/groupon) [30% off eBay coupon](https://www.wsj.com/coupons/ebay) On Monday, President Biden

First Republic Bank shares collapse 70% as bank worries spread. Regional bank stocks were hit hard at Monday's stock market open, some faced trading halts ...

banking system was safe and called for "full" accountability after the collapse of Silicon Valley Bank ( [SIVB](https://www.investopedia.com/markets/quote?tvwidgetsymbol=SIVB)) and Signature Bank ( [SBNY](https://www.investopedia.com/markets/quote?tvwidgetsymbol=SBNY)).2 [@FDICgov](https://twitter.com/FDICgov) [@USTreasury](https://twitter.com/USTreasury) and [@federalreserve](https://twitter.com/federalreserve) not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions," he wrote. Even Charles Schwab ( [SCHW](https://www.investopedia.com/markets/quote?tvwidgetsymbol=SCHW)) trading was suspended on volatility concern after it dropped by almost a fifth.3 Hedge fund billionaire Bill Ackman tweeted on Sunday that he expected more failures. [JPM](https://www.investopedia.com/markets/quote?tvwidgetsymbol=JPM)), pointing to "total available, unused liquidity to fund operations" of "more than $70 billion." treasury holdings.6 According to FDIC, banks are sitting on $620 billion in unrealized losses on security deposits.7 "More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them."

I will have a look at First Republic Bank's finances, highlighting key consideration regarding FRC's balance sheet. Click here to see our take on FRC stock.

And accordingly, valued at a $12 - $15 billion market cap (given the level of volatility it is hard to pinpoint a reference), FRC is trading at a P/E of below x10--a bargain. I like to view First Republic Bank stock at $30/share as a very attractive bargain opportunity. In a previous article, I have tried to ["simply" explain](https://seekingalpha.com/article/4586743-svb-financial-collapse-explained) what happened to SVB Financial -- here is the abbreviated explanation: (Remember that the value/ price of a bond is inversely related to the interest rate level). And, reflecting on the events of the past few days, I would not rule out that First Republic Bank equity holders could lose every cent of their investment. Disclosure: I/we have a beneficial long position in the shares of FRC either through stock ownership, options, or other derivatives. Admittedly, solvency and liquidity is now the major consideration for every bank investor. Referencing the chart below, investors will note that SIVB's adjusted capital ratio dropped to "Zero," while FRC's respective ratio defends a level above 6% points. With that in mind, bank investors/ bargain hunters must ask one key question: to what extent did a bank expose itself to duration risk in its investment portfolio? But, due to exposure to municipal securities, analyst Joseph Wang pointed out that FRC doesn't benefit much from the FED's $25 billion The major risk asset (according to the current market narrative), investment securities, accounts for less than 15% of the bank's total asset base (about $31.6 billion). If you have ever wondered what a "blood on the street" investment opportunity looks like, well, this is it.

The stock traded 20% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.

Correction: The Fed on Sunday announced the Bank Term Funding Program. One of those is the Fed's Bank Term Funding Program, which will allow banks to exchange certain high-quality assets for cash without booking mark-to-market losses. regulators took extraordinary measures to backstop all depositors in the now-failed Silicon Valley Bank. [First Republic led the way lower, losing 61.8%](https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html). Executive Chairman Jim Herbert told CNBC's Jim Cramer that the bank was [not seeing big outflows and was operating as usual](https://www.cnbc.com/2023/03/13/frc-tells-cnbc-the-bank-isnt-seeing-that-many-depositors-leave-jpm-funding-working.html). [PacWest](/quotes/PACW/) jumped 35%, [KeyCorp](/quotes/KEY/) gained 16%, and [Zions Bancorp](/quotes/ZION/) advanced 11%.

Another Bay Area bank was affected Monday by uncertainty in the financial markets following the failure of Silicon Valley Bank. First Republic Bank shares ...

Silicon Valley Bank was focused on serving startups, Faulkner said, which was probably part of the reason it failed. But Faulkner said the public only knows part of the story. “First Republic continues to fund loans, process transactions and fully serve the needs of clients.” The bank had $175 billion in deposits at the end of last year. Monday, First Republic Bank said it widened its financial position with liquidity from the U.S. First Republic Bank shares sank nearly 62% on Monday and trading was briefly halted because of volatility.

First Republic Bank (NYSE: FRC) shares are trading significantly higher Tuesday as part of what appears to be a relief rally in the financial sector as ...

[ broader financial sector](https://www.benzinga.com/government/23/03/31323955/the-big-picture-why-silicon-valley-bank-collapsed-a-simple-explainer). [Why Silicon Valley Bank Collapsed: A Simple Explainer](https://www.benzinga.com/government/23/03/31323955/the-big-picture-why-silicon-valley-bank-collapsed-a-simple-explainer) [Benzinga Pro](https://benzinga.grsm.io/gxjhpowx7zks). [Fed stepped in](https://www.benzinga.com/government/23/03/31323955/the-big-picture-why-silicon-valley-bank-collapsed-a-simple-explainer) to inject liquidity into the situation and announced plans to create a new Bank Term Funding Program centered around protecting institutions [ last few trading sessions](https://www.benzinga.com/news/23/03/31326376/why-several-bank-stocks-are-getting-rocked-today).

Shares of First Republic Bank and other US-based regional lenders were poised for a bounce-back trading session on Wall Street on Tuesday.

[when regulators closed down Signature Bank](https://nypost.com/2023/03/12/regulators-close-signature-bank-second-shuttered-by-feds-after-svb-disaster/), [which had been heavily invested](https://nypost.com/2023/03/13/cnbcs-jim-cramer-touted-signature-bank-stock/) in the struggling cryptocurrency sector. [the nation’s 16th-largest bank](https://nypost.com/2023/03/12/some-democrat-donor-investors-furious-over-bidens-handling-of-svb/) with $209 billion in assets under management, [had a reputation ](https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/)as the go-to lender for venture capital firms and tech startups. KeyCorp was up 15% in pre-opening bell activity while Zions Bancorp saw a 10% jump early Tuesday morning. [collapse of Silicon Valley Bank](https://nypost.com/2023/03/14/silicon-valley-bank-conducting-business-as-usual-new-ceo-says/) as well as Signature Bank. [SVB then tried to sell $2 billion worth](https://nypost.com/2023/03/13/a-timeline-of-silicon-valley-banks-collapse-how-it-all-unfolded/) of its investments at a loss in hopes of shoring up its balance sheet — [fueling alarm among investors](https://nypost.com/2023/03/12/bill-ackman-warns-of-economic-meltdown-amid-silicon-valley-bank-collapse/) and triggering a run on the bank. [scrutinize financial institutions for a potential downgrade.](https://nypost.com/2023/03/13/how-silicon-valley-bank-bailout-will-hurt-us-bank-customers/)

First Republic Bank (FRC) stock is gaining on Tuesday as the company's shares start to recover from the recent bank stock crash.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. [SIVB](https://investorplace.com/stock-quotes/sivb-stock-quote/)) triggered concerns among investors with its principal subsidiary Silicon Valley Bank’s failure. That comes as the company’s shares trade more than 7.3 million units as of this writing. This comes in the form of a fund that provides loans to banks during the crash. For comparison, the company’s daily trading volume is closer to 4.8 million shares. [taking a 61.8% beating](https://investorplace.com/2023/03/why-is-first-republic-bank-frc-stock-down-61-today/) during normal trading hours yesterday.

First Republic Bank (FRC) shares are trading around +50% on Tuesday, marking a rebound after the stock tumbled as much as -78% the previous day.

[FRC](https://seekingalpha.com/symbol/FRC)): SPDR S&P 500 ETF Trust ( [SPY](https://seekingalpha.com/symbol/SPY)), iShares U.S. Regional Banks ETF ( [IAT](https://seekingalpha.com/symbol/IAT)), Invesco KBW Bank ETF ( [KBWB](https://seekingalpha.com/symbol/KBWB)) and SPDR S&P Regional Banking ETF ( [KRE](https://seekingalpha.com/symbol/KRE)). While their rebounds are far less dramatic than First Republic Bank, their declines on Monday were also milder. [SIVB](https://seekingalpha.com/symbol/SIVB)) and Signature Bank ( [SBNY](https://seekingalpha.com/symbol/SBNY)). [FRC](https://seekingalpha.com/symbol/FRC)) [under review for downgrade](https://seekingalpha.com/news/3947261-moodys-cuts-signature-bank-debt-ratings-to-junk-6-banks-under-review) along with five other lenders, while downgrading shuttered Signature Bank's ( [SBNY](https://seekingalpha.com/symbol/SBNY)) credit ratings into junk territory. [First Republic Bank (FRC)](/symbol/FRC?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AFRC) [SPY](/symbol/SPY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ASPY), [IAT](/symbol/IAT?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AIAT), [CMA](/symbol/CMA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ACMA), [KRE](/symbol/KRE?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AKRE), [KEY](/symbol/KEY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AKEY), [SIVB](/symbol/SIVB?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ASIVB), [TFC](/symbol/TFC?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATFC), [SBNY](/symbol/SBNY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ASBNY), [KBWB](/symbol/KBWB?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AKBWB)By: [Preeti Singh](/user/54434154?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews), SA News Editor [16 Comments](#comments)

First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry's worst stock routs in years.

hiring tools start-up illustrate the difficulty in [making artificial intelligence mainstream](https://www.nytimes.com/2023/03/13/business/ai-hiring-jobs.html). interest](https://www.nytimes.com/2023/03/13/us/politics/ron-desantis-ukraine-tucker-carlson.html), breaking with fellow Republicans. group](https://www.platformer.news/p/microsoft-just-laid-off-one-of-its)tasked with ensuring that products adhered to ethical guidelines. (NYT) (The Baltimore Banner) (Reuters) Inside “ [Project Yeti](https://www.ft.com/content/445e98c2-f124-4113-a9cd-53c448df4790),” the effort to sell SVB’s British subsidiary. (Bloomberg) (The Fed itself on Monday announced a Still, there’s cause for concern as Moody’s warned that it may [downgrade the credit ratings](https://www.bloomberg.com/news/articles/2023-03-14/moody-s-puts-first-republic-five-us-banks-on-downgrade-watch) of First Republic and five other lenders. Big banks are still [being inundated](https://www.ft.com/content/2b580939-a4b6-48d2-8eb6-629b4cb1e06c)with customers wanting to transfer funds from smaller lenders. (That may have been in part because depositors of Silicon Valley Bank and Signature Bank, many of which were crypto businesses and investors,