First Republic Bank's Stock Surges Amid Potential Government Assistance
TL;DR Summary
Shares of First Republic Bank rose by 25% in premarket trading on Monday, along with other regional banks, as investors were encouraged by reports of potential government support and signs that the crisis for regional banks in the US could be easing. The SPDR S&P Regional Bank ETF also jumped more than 3%. The recent strain on the sector has led to significant deposit outflows and the closure of some banks, but the deposit inflows into large banks from smaller regionals have slowed substantially.
- First Republic rebounds by 25% on Monday to lead regional bank comeback CNBC
- Feds may throw struggling First Republic Bank a lifeline by expanding emergency lending program Fox Business
- How First Republic's courtship of the wealthy led to meltdown Reuters
- First Republic stock surges as U.S. weighs expanding emergency lending (NYSE:FRC) Seeking Alpha
- U.S. Authorities Consider Giving More Time To First Republic, Which Had Given Its Founder And Family Members A Whopping Payday Before Suffering A Crisis - First Republic Bank (NYSE:FRC) Benzinga
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