First Republic Tumbles After Deposits Plunge More Than Expected; Borrows $100BN From Fed, FHLB, JPM
April 24, 2023 at 16:41 PM EDT
Moments ago the regional bank at the forefront of the banking crisis, First Republic, whose stock crashed from $125 to $12 one month ago amid the broader banking crisis, reported its closely watched earnings. And, on the surface, they weren’t terrible: the company beat on both EPS, Net Interest Income and revenues: Q1 Revenue $1.2BN, […] Source
