FRC Stock Alert: First Republic Falls 21% on S&P Downgrade

InvestorPlace2023-03-16

First Republic Bank (FRC) stock continues to lose value on Wednesday.That comes alongside a downgrade from S&P.It dropped the bank’s credit rating to “BB+.”First Republic Bank stock is falling on ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Chris Tan
2023-03-16
Chris Tan
Fire brewing all over US and Europe. Better 🏃‍♂️🏃‍♂️🏃‍♂️
SNeo
2023-03-16
SNeo
[OK]
runningjames
2023-03-16
runningjames
Buy when super dip and sell once rally and via verses... earn the differences
TaiWoeiHaur
2023-03-16
TaiWoeiHaur
Good morning

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1180442718?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-16 10:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1180442718","market":"us","top_or_hot":-1,"title":"FRC Stock Alert: First Republic Falls 21% on S&P Downgrade","media":"InvestorPlace","content":"<div>\n<p>First Republic Bank (FRC) stock continues to lose value on Wednesday.That comes alongside a downgrade from S&P.It dropped the bank’s credit rating to “BB+.”First Republic Bank stock is falling on ...</p>\n\n<a href=\"https://investorplace.com/2023/03/frc-stock-alert-first-republic-falls-on-sp-downgrade/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FRC Stock Alert: First Republic Falls 21% on S&P Downgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFRC Stock Alert: First Republic Falls 21% on S&P Downgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 10:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/frc-stock-alert-first-republic-falls-on-sp-downgrade/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First Republic Bank (FRC) stock continues to lose value on Wednesday.That comes alongside a downgrade from S&P.It dropped the bank’s credit rating to “BB+.”First Republic Bank stock is falling on ...</p>\n\n<a href=\"https://investorplace.com/2023/03/frc-stock-alert-first-republic-falls-on-sp-downgrade/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://investorplace.com/2023/03/frc-stock-alert-first-republic-falls-on-sp-downgrade/","article_id":"1180442718","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180442718","pubTimestamp":1678933986,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"First Republic Bank (FRC) stock continues to lose value on Wednesday.That comes alongside a downgrad","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"FRC股票预警：标准普尔降级，第一共和国下跌21%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRC":0.9},"content_text":"First Republic Bank (FRC) stock continues to lose value on Wednesday.That comes alongside a downgrade from S&P.It dropped the bank’s credit rating to “BB+.”First Republic Bank stock is falling on Wednesday after being hit with a downgrade from S&P.That downgrade has S&P dropping the bank’s credit rating from “A-” to “BB+”. The firm believes that First Republic Bank’s outflow risk is still a major problem even after its liquidity was increased to $70 billion earlier this week.All of this comes as First Republic Bank was one of the banks to majorly suffer following the SVB Financial (NASDAQ:SIVB) collapse. This caused a major bank stock crash this week, and shares of FRC were hit incredibly hard during it.What Analysts Think About FRC StockConsidering all the recent drama surrounding bank stocks, some investors might wonder if First Republic Bank is worth investing in. Analysts are on the fence about that, with the current consensus rating being “hold.” That comes from 18 analysts’ opinions.FRC stock has seen several new ratings over the last few days. That includes Compass Point dropping it to “neutral,” Raymond James decreasing it to “market perform,” and Wolfe Research bumping it down to “peer perform.”Trading activity today has some 42 million shares on the move as investors sell FRC stock. For the record, the company’s daily average trading volume is about 6.8 million shares.FRC stock is down 21.37% on Wednesday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9943005735,"gmtCreate":1678945499128,"gmtModify":1678945503171,"author":{"id":"4100325483048030","authorId":"4100325483048030","name":"Chris Tan","avatar":"https://community-static.tradeup.com/news/234d0c8219838a66f0165bcb29277534","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100325483048030","authorIdStr":"4100325483048030"},"htmlText":"Fire brewing all over US and Europe. Better 🏃‍♂️🏃‍♂️🏃‍♂️","listText":"Fire brewing all over US and Europe. Better 🏃‍♂️🏃‍♂️🏃‍♂️","text":"Fire brewing all over US and Europe. Better 🏃‍♂️🏃‍♂️🏃‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943005735","repostId":1180442718,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943000051,"gmtCreate":1678939780773,"gmtModify":1678939785867,"author":{"id":"4112071922817752","authorId":"4112071922817752","name":"SNeo","avatar":"https://community-static.tradeup.com/news/d5b48d982c4246e1c1d0400e42ad5e32","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4112071922817752","authorIdStr":"4112071922817752"},"htmlText":"[OK]&nbsp;","listText":"[OK]&nbsp;","text":"[OK]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943000051","repostId":1180442718,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949772007,"gmtCreate":1678936634809,"gmtModify":1678936640098,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"4117336023184202","authorIdStr":"4117336023184202"},"htmlText":"Buy when super dip and sell once rally and via verses... earn the differences","listText":"Buy when super dip and sell once rally and via verses... earn the differences","text":"Buy when super dip and sell once rally and via verses... earn the differences","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949772007","repostId":1180442718,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949771224,"gmtCreate":1678934715168,"gmtModify":1678934718117,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3563667765668803","authorIdStr":"3563667765668803"},"htmlText":"Good morning&nbsp;","listText":"Good morning&nbsp;","text":"Good morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949771224","repostId":1180442718,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":39,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1180442718"}