|Bid||20.02 x 900|
|Ask||22.93 x 800|
|Day's range||22.77 - 23.00|
|52-week range||20.81 - 27.00|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||2.89|
|Forward dividend & yield||1.38 (6.00%)|
|Ex-dividend date||15 Sept 2022|
|1y target est||N/A|
A rise in revenues and loan growth drive First Republic's (FRC) Q3 results. However, higher expenses and elevated provisions for credit losses hurt.
First Republic Bank (FRC) delivered earnings and revenue surprises of 0.91% and 1.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
While a decent lending environment and NII growth are expected to have aided First Republic's (FRC) Q3 earnings, equity market volatility is expected to have weighed on its investment management fees.