First Republic Bank's Q1 Report Triggers 49% Stock Drop.
TL;DR Summary
First Republic Bank's shares plummeted by 49% after the bank reported a deposit hemorrhage in March that was worse than expected, causing trading to be halted several times. The stock closed at a new low of $8.10.
- First Republic Bank Shares Sink 49% After Earnings Report The Wall Street Journal
- First Republic Bank's deposit outflows were worse than expected, says Wells Fargo's Jared Shaw CNBC Television
- Gold and bitcoin perk up as the market senses another banking rout ForexLive
- Morning Bid: Bank angst echo Reuters.com
- First Republic Bank reports Q1 results: Stock sink despite topping estimates CNBC Television
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