Heard on the Street: After First Republic Bank’s $30 billion deposit rescue, investors are still struggling to figure out how to value the lender
For many years First Republic Bank traded at a premium valuation to most other banks, in part reflecting the view that it served a premium clientele.
into First Republic on Thursday, its shares declined sharply Friday. The bank is now trading at just over 30% of its tangible book value, versus a premium of around 50% for S&P 500 banks overall, according to FactSet.
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US: Eleven banks deposit $30 billion into First Republic BankIn a short statement, the Federal Reserve (Fed), the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of th
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Big banks working on $30 billion rescue of San Francisco-based First RepublicFirst Republic Bank, facing a crisis of confidence from investors and customers, is actively discussing options for a lifeline.
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Regulators praise move by 11 banks to deposit $30 billion into First Republic BankFollowing the announcement that a group of 11 major U.S. banks have deposited a total of $30 billion in First Republic Bank federal banking regulators...
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First Republic gets $30 billion rescue from biggest US banksEleven banks including JPMorgan and Citigroup deposited $30 billion in First Republic Bank on Thursday afternoon amid fears of a financial-sector crisis.
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Group of big banks pumps $30 billion in battered First RepublicBREAKING: 11 major U.S. banks will send $30 billion to First Republic Bank amid concerns about its financial stability.
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Eleven Banks Deposit $30 Billion in First Republic BankEleven banks have deposited $30 billion in First Republic Bank, according to a joint statement from the heads of the Treasury, Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
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