BANQUE DE PREMIÈRE RÉPUBLIQUE – Consensus indicates downside potential of -4.6%
BANK OF THE FIRST REPUBLIC found using ticker (FRC) now have 20 analysts covering the stock with the consensus suggesting a rating of “Buy.” The target price is between 223 and 150, with the average target price being 185.6. With the stock’s previous close at 194.48, this indicates that there is a potential decline of -4.6%. The 50-day MA is 186.27 and the 200-day moving average is 163.51. The company’s market capitalization is $ 34,385 million. You can visit the company’s website by visiting: http://www.firstrepublic.com
First Republic Bank, along with its subsidiaries, provides private banking, corporate private banking, and private wealth management services to clients in metropolitan areas of the United States. It operates through two segments, commercial banking and wealth management. The Company accepts deposit products, such as checks, money market checks, savings, passbook deposits and individual retirement accounts, as well as certificates of deposit. It also offers a line of lending products that include residential mortgages, home equity lines of credit, multi-family loans, commercial and construction real estate loans, personal and business loans, single-family construction loans and other business and personal loans and lines of credit. The company’s loans are secured by single-family residences, multi-family buildings and commercial real estate. In addition, it provides wealth management services, which include various investment strategies and products, online investment management services, trust and custody services, comprehensive online brokerage services, planning financial and inheritance and access to alternative investments, as well as foreign exchange services; and treasury services. In addition, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2020, the company offered its services in 92 offices, including 80 authorized deposit offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming, as well as 12 additional offices that provided lending, wealth management and trust services. The First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.