News & Events:FRC

  During Thursday, 351 stocks hit new 52-week lows. The stocks that set new 52-week lows on Thursday: Be sure to stay with Benzinga for further updates and market-moving news.

As of this past Friday, 17 of the 18 banks in the S&P 500 have reported results for the first quarter and not only have the quantitative results been supportive of strong fundamentals, but the tone from management teams has also been consistently positive about business trends. 1. Loan Demand Remains Strong Loan demand is arguably the most important fundamental indicator for banks.

  During Thursday, 849 stocks hit new 52-week lows. During the morning session of trading on Thursday, the following stocks broke to new 52-week lows: Be sure to stay with Benzinga for further updates and market-moving news.

First Republic Bank (FRC) announced today that it has given notice of its intention to redeem in full the $500 million outstanding principal amount of its 2.500% Senior Notes due 2022 on May 6, 2022. First Republic Bank (FRC) has instructed The Bank of New York Mellon Trust Company, N.A., the fiscal and paying agent for the Notes, to distribute a notice of redemption to all holders of the Notes.

Tuesday marks the last chance for investors to receive the next dividend payout from First Republic Bank. The company announced on Wednesday that it would pay shareholders a quarterly dividend of $0.27 per share. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday.

First Republic Bank has outperformed the market over the past 10 years by 4.94% on an annualized basis producing an average annual return of 17.46%. Currently, First Republic Bank has a market capitalization of $29.61 billion. Buying $1000 In FRC: If an investor had bought $1000 of FRC stock 10 years ago, it would be worth $5,047.76 today based on a price of $164.86 for FRC at the time of writing.

First Republic Bank (FRC): * FIRST REPUBLIC REPORTS FIRST QUARTER 2022 RESULTS. * Q1 EARNINGS PER SHARE $2.00. * Q1 REVENUE ROSE 23 PERCENT TO $1.4 BILLION Source text for Eikon: Further company coverage:

Revenues Increased 23% Year-Over-Year. Tangible Book Value Per Share Rose 14% Year-Over-Year. Dividend Raised for 11th Consecutive Year. First Republic Bank (FRC) today announced financial results for the quarter ended March 31, 2022. “The entire business continued to perform very well in the first quarter,” said Mike Roffler, Chief Executive Officer and President.

First Republic Bank is set to give its latest quarterly earnings report on Wednesday, 2022-04-13. Analysts estimate that First Republic Bank will report an earnings per share of $1.89. First Republic Bank bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

UBS upgraded the previous rating for First Republic Bank from Neutral to Buy. According to Gordon Haskett, the prior rating for Target Corp was changed from Hold to Buy. DA Davidson upgraded the previous rating for WD-40 Co from Underperform to Neutral. According to UBS, the prior rating for ITT Inc was changed from Neutral to Buy.

Wolfe Research upgraded the previous rating for Landstar System Inc from Underperform to Peer Perform. According to Wolfe Research, the prior rating for Expeditors International of Washington Inc was changed from Underperform to Peer Perform. Barclays upgraded the previous rating for Teva Pharmaceutical Industries Ltd from Equal-Weight to Overweight.

On Thursday, the yield curve between 2-year and 10-year U.S. Treasury bonds inverted for the first time since 2019, an economic recession indicator that has been extremely reliable over the past century.

First Republic Bank (FRC), a leading private bank and wealth management company, today announced that Kathleen Kalp has joined First Republic Investment Management in Santa Barbara. Kalp was named Senior Vice President and Wealth Manager.

First Republic Bank will host a conference call at 10:00 AM ET on April 13, 2022, to discuss Q1 2022 earnings results. Follow this link to access the live webcast. To listen to the call, dial 256-1007 or +1 344-9299.

First Republic Bank (FRC), a leading private bank and wealth management company, today announced it will release first quarter 2022 financial results before the market opens on Wednesday, April 13, 2022. To access the event by telephone, please dial 256-1007 and provide confirmation code 2134053 approximately 15 minutes prior to the start time.

First Republic Bank has observed the following analyst ratings within the last quarter: In the last 3 months, 7 analysts have offered 12-month price targets for First Republic Bank. Below is a summary of how these 7 analysts rated First Republic Bank over the past 3 months.

The difference between the yield on 10-year and two-year U.S. Treasury bonds has dropped below 0.2% and is now at its lowest level since March 2020. The good news for investors is that there have historically been plenty of investment opportunities even after yield curves have inverted.

First Republic Bank (FRC), a leading private bank and wealth management company, today announced that Crista Tucker and Greg Shevlin have joined First Republic Investment Management in Scarsdale, New York. Tucker and Shevlin were each named Managing Director and Wealth Manager.

First Republic Bank (FRC): * FIRST REPUBLIC BANK BOARD OF DIRECTORS APPOINTS MIKE ROFFLER AS CHIEF EXECUTIVE OFFICER. * First Republic Bank (FRC) - HAS NAMED MIKE ROFFLER CEO OF COMPANY EFFECTIVE MARCH 13, 2022. * First Republic Bank (FRC) - ROFFLER WILL ALSO CONTINUE TO SERVE AS PRESIDENT AND BOARD MEMBER Source text for Eikon: Further company coverage:

Founder Jim Herbert Transitions to Executive Chairman First Republic Bank (FRC), a leading private bank and wealth management company, announced that its Board of Directors has named Mike Roffler CEO of the Company effective March 13, 2022. George G.C. Parker, Acting Chairman and Board Member, said: “We are exceedingly pleased to appoint Mike as First Republic’s CEO.