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.

Next Gen Investing

25 Apr 2023

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