First Republic Bank's Upcoming Earnings Report Sparks Speculation.

1 min read
Source: The Motley Fool
First Republic Bank's Upcoming Earnings Report Sparks Speculation.
Photo: The Motley Fool
TL;DR Summary

First Republic, one of the banks that has struggled since the banking crisis started in March, may provide some kind of update before the big banks kick off earnings season. The bank reportedly saw $70 billion or more of deposit outflows in March, which has led some to question whether it can survive. While a sale of the bank is unlikely, the bank could provide some kind of limited update on its first-quarter financials and deposit levels, which could be worse or better than expected. Investors are expecting bad news, given that First Republic has already struggled immensely.

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