First Republic BankNYSE
Wed, Nov. 16, 7:17 AM
- The SPDR KBW Bank ETF (NYSEARCA:KBE) is now up 18.9% YTD - this after a miserable start to 2016. Since February 11, the fund is higher by 46%. Since July 1, it's up 32%, and since the election 15%.
- With bullish price targets being hit and surpassed across the sector, the downgrades are pouring in.
- Among them, U.S. Bancorp sees its 2nd downgrade in two days. Others: Fifth Third (NASDAQ:FITB), First Republic (NYSE:FRC), Citizens Financial (NYSE:CFG), Capital One (NYSE:COF), Zions Bancorp (NASDAQ:ZION), KeyCorp (NYSE:KEY), Webster Financial (NYSE:WBS), NBT Bancorp (NASDAQ:NBTB), Sterling Bancorp (NYSE:STL), First Connecticut (NASDAQ:FBNK), Regions Financial (NYSE:RF)
Tue, Nov. 15, 7:56 AM
- The San Francisco-based lender boosted the size of its share sale to 3.5M shares from 3M, and priced the deal at $82 each.
- FRC -2.9% premarket to $82.21.
Mon, Nov. 14, 4:26 PM| Mon, Nov. 14, 4:26 PM
Mon, Nov. 14, 3:47 PM
- Unsurprisingly given their run of late, financials dominate the list:
- Bank of America (BAC +5%)
- Citigroup (C +1.5%)
- Citizens Financial (CFG +3.1%)
- Discover (DFS +3.1%)
- First Republic (FRC +2.5%)
- Goldman Sachs (GS +2.2%)
- Humana (HUM +3%)
- Manulife (MFC +2.9%)
- Northern Trust (NTRS +3%)
- PNC Financial (PNC +1.7%)
- Regions Financial (RF +6.5%)
- Schwab (SCHW +1.6%)
Wed, Nov. 9, 10:22 AM
- Banking stocks are ripping solid gains on the heels of the Republican party taking the White House and retaining control of Congress. The prospect of higher interest rates and lighter regulation is outweighing concerns over new U.S. trade policies.
- "Bank stocks have been besieged by Dodd-Frank regulations and a climate not conducive to supporting a stronger level of economic growth," observes Smead Capital Management.
- Notable gainers include SunTrustBanks (STI +2.9%), Comerica (CMA +3.5%), Wells Fargo (WFC +2.7%), State Bank Financial (STBZ +3.7%), First Republic Bank (FRC +3.3%), Barclays (BCS +2.8%), Credit Suisse (CS +1.6%).
- Then there's JPMorgan (JPM +3.2%) and Bank of America (BAC +3.2%) which just carved out new 52-week highs.
- The SPDT KWB (NYSEARCA:KBE) is up 2.66% on the day, while the SPDR KBW Regional Banking ETF (NYSEARCA:KRE) is 2.84% higher.
Thu, Oct. 13, 2:51 PM
- Q3 net interest income of $460.6M up 18.4% Y/Y primarily due to growth in average earning assets vs. consensus of $471.15M.
- Core net interest margin of 3.11% down from 3.16% in 2Q16 largely due to higher average cash balances and interest costs from the new subordinated notes issuance.
- Efficiency ratio 60.5% vs. 59.8% for 2Q16.
- Noninterest expense of $337.7M up 22.4% Y/Y primarily due to increased salaries and benefits from the continued investments in the expansion of the franchise and regulatory compliance activities, along with growth across all areas of the Bank.
- Conference call at 10 ET
- (NYSE:FRC) -4.6%
- Previously: First Republic Bank beats by $0.01, misses on revenue
Thu, Oct. 13, 2:45 PM
Thu, Oct. 13, 1:04 PM
Thu, Oct. 13, 8:01 AM
Wed, Oct. 12, 5:30 PM
Wed, Sep. 14, 11:53 AM
- While real estate was broken out of the S&P financials into its own sector this month, those were just equity REITs, with mortgage REITs still residing in financials.
- While much of the talk has been around how equity REITs might gain from the switch, the team at KBW believes mREITs could be a big beneficiary, and Annaly Capital (NYSE:NLY) - by far the largest of the group - could be added to the S&P 500.
- Other financials up for possible inclusion, according to KBW: First Republic Bank (NYSE:FRC), New York Community Bancorp (NYSE:NYCB), Ally Financial (NYSE:ALLY), MSCI (NYSE:MSCI), Arch Capital (NASDAQ:ACGL), Alleghany (NYSE:Y).
Thu, Jul. 14, 8:03 AM
Wed, Jul. 13, 5:30 PM
Fri, Jun. 24, 12:44 AM
- First Republic Bank (NYSE:FRC) stress test: Actual end of 2015 CET1 ratio of 10.8%, Q1 2018 CET1 ratio under severely adverse scenario of 9.3%, minimum 9.3%.
- Tier1 RBC 13.1% at the end of 2015, Q1 2018 11.7%, minimum 11.7%.
- Total RBC 13.8% at the end of 2015, Q1 2018 12.6%, minimum 12.6%.
- Tier1 Leverage ratio 9.2% at the end of 2015, Q1 2018 7.8%, minimum 7.8%.
Thu, Apr. 14, 1:36 PM
- Morgan Stanley identifies 30 stocks for investors to snap up and hold until 2019.
- The investment firm narrowed its list by focusing on strong brands/franchises with distinct competitive advantages, while also scoring strong on pricing power, cost efficiency, and growth.
- The MS list includes Accenture (NYSE:ACN), Alphabet, Amazon.com, Apple, Blackstone Group (NYSE:BX),Comcast (NASDAQ:CMCSA), Constellation Brands (NYSE:STZ), CVS Health (NYSE:CVS), Danaher (NYSE:DHR), Dollar General (NYSE:DG), Estee Lauder (NYSE:EL), Facebook, First Republic Bank (NYSE:FRC), HCA Holdings (NYSE:HCA), International Business Machines (NYSE:IBM), JPMorgan Chase, L Brands (NYSE:LB), Mettler-Toledo (NYSE:MTD), NextEra Energy (NYSE:NEE), Nike (NYSE:NKE), Panera Bread (NASDAQ:PNRA), Philip Morris International (NYSE:PM), Public Storage (NYSE:PSA), Ross Stores (NASDAQ:ROST), SBA Communications(NASDAQ:SBAC), ServiceMaster (NYSE:SERV), T-Mobile (NASDAQ:TMUS), Visa (NYSE:V), WhiteWave Foods (NYSE:WWAV), and Zayo Group Holdings (NYSE:ZAYO).
Thu, Apr. 14, 8:10 AM
- First Republic Bank (NYSE:FRC): Q1 EPS of $0.88 beats by $0.08.
- Revenue of $519.6M (+22.9% Y/Y) misses by $22.53M.