HomeBusinessFinance Sector Stock NewsFirst Republic Bank (FRC) Beats But Fall After Potential Asset Sales

First Republic Bank (FRC) Beats But Fall After Potential Asset Sales

According to Bloomberg, First Republic Banks (FRC) is weighing up to $100B in asset sales. George Tsilis joins Alex Coffey and Jenny Horne to discuss FRC as its earnings were recently released. FRC beat earnings with adjusted EPS coming in at $1.23 versus $0.72 and revenue at $1.20B versus $1.13. They talk about how shares were halted multiple times following a report of potential asset sales. He also talks about how FRC is down over 95% year-to-date. Tune in to find out more about the stock market today.

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