FRC 32.85 - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. are in talks to deposit $5 billion of their own money each into First Republic, the people said. Morgan Stanley and Goldman Sachs Group Inc., as well as regional banks U.S. Bancorp, PNC Financial Services Group Inc., PNC 3.91%increase; green up pointing triangle and Truist Financial Corp. TFC 0.62%increase; green up pointing triangle would all kick in smaller amounts, the people said.
I'm confident that "deposit" means no purchase of stock at some lowball pps? Should be safe for one more day of options exposure. I actually bought more at the open for 20.50 and immediately sold the $20 Friday call at $5...a cool 20% for two days of exposure.
Still have sweaty palms....
