First Republic Bank (FRCB)

[powerbattles]

$16.95 Hod PM -----Stock market news today: Banks lead stock surge, yields rise as all eyes turn to Fed
https://finance.yahoo.com/news/stock-market-news-today-live-updates-march-21-2023-120030781.html

First Republic stock surges as Yellen pledges support for US banks
Regional lenders bounced back Tuesday following remarks from the Treasury Secretary: 'it's our intention to remain vigilant in the days and weeks to come'
https://finance.yahoo.com/news/first-republic-stock-surges-as-yellen-pledges-support-for-us-banks-145708807.html

Elon Musk says what he thinks the Fed should do with interest rates

Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate.

The U.S.’s central bank "needs to drop the rate by at least 50bps on Wednesday," the Tesla, Twitter and SpaceX CEO tweeted.

https://finance.yahoo.com/news/elon-musk-says-thinks-fed-200021755.html

Charles Gasparino reported "FRC is considering selling the US gov warrants to purchase the worst-performing assets on their balance sheet. This would mean they remain FRC, no sale necessary. They can carry on banking, and pay the warrants back at a later date. Deposit outflows stopped days ago, according to many sources. And if Yellen makes an increase on insurance caps happen, the whole sector will rise.

Consensus Rating
First Republic Bank has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 7 buy ratings, 12 hold ratings, and 1 sell rating.

According to analysts' consensus price target of $144.90, First Republic Bank has a forecasted upside of 818.8% from its current price of $15.77.