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Fate of First Republic Bank Uncertain as Shares Plummet Again
- newaccount2023 4y agotake a deep breath... FRB is the same bank it was two weeks ago but with $30 bln more in deposits there is no material evidence that it is dire straits there is no material evidence of malfeasance there is no material evidence of a run on the bank the P/E for FRB is now UNDER 2 re-read that...UNDER 2 you either believe FRB's collapse is IMMINENT (and if so, what is the evidence?)...or this is the strongest insane buy signal I have seen in years the stock is trading for $16 and most analysts still have a price target of over $120 this is literally a panic selling mania that seems to have no basis in evidence at all, its crazy even NYT commenters are pointing out...there's nothing wrong with First Republic
- jorpal 4y agoI do agree with you that the bank will likely not collapse with help from the big banks. But business wise it is not in a great position with lots of low interest rate loans. Still, I would expect some recovery in the stock price.