Previous close | 0.2100 |
Open | 0.2440 |
Bid | 0.0000 x N/A |
Ask | 0.0000 x N/A |
Day's range | 0.2100 - 0.2500 |
52-week range | 0.2100 - 134.0000 |
Volume | |
Avg. volume | 6,515 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 12 Jul 2023 - 17 Jul 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Yahoo Finance's Julie Hyman analyzes a report from Bloomberg that the U.S. Department of Justice is reviewing First Republic Bank staffers' stock trades.
Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance Live to discuss JPMorgan raising it's revenue target as a result of receiving more net interest income amid its acquisition of First Republic Bank.
The investor who gained fame for his short bets during the 2008 financial crisis made a number of new investments in banks during a chaotic quarter for that industry.
Warren Buffett gives a thumbs up on Bank of America stock even as Berkshire has pared back its investments in the financial sector in the last few years.
Shares of regional bank PacWest (PACW) tumbled Thursday after it announced it was considering strategic options including a sale. The regional bank said in a statement that it "will continue to evaluate all options to maximize shareholder value." Other regional banks followed PacWest lower. Western Alliance (WAL) closed down more than 38%, but off the lows of the day, after denying a report it was also exploring a sale. The declines in PacWest and Western Alliance drove down the KBW regional bank index (KRX) by 3.51% on the day. Timothy Coffey, the Managing Director and Associate Director of Depository Research at Janney Montgomery Scott joined Yahoo Finance's Seana Smith and Akiko Fujita to breakdown the latest in the banking crisis, and commented on how investors can determine which banks could see similar outcomes in the future. "Banks are telling us what their deposit flows look like. You have to read them and analyze them" says Coffey, who suggests keeping an eye on the earnings and disclosures coming from regionals. Coffey points to the locations of the banks as part of their downfalls. "I think it's interesting that you’re not seeing this in other parts of the country right?" He adds that Silicon Valley Bank and First Republic (FRC) both fell victim to this "very quick deposit run on four institutions all around the Silicon Valley area." Watch the full interview with Timothy Coffey here Key Video Moments 00:00:15 How to determine which bank could be next 00:00:45 What bank earnings can tell you about a banks outlook 00:01:25 Why Pacwest and Western Alliance are experiencing this fallout
PacWest and other regional banks plunged overnight on a wave of new pessimism about the industry
Momentum is growing to enact unlimited deposit insurance, even among anti-bailout free marketeers.
TCW Group CEO Katie Koch thinks sentiment in the banking industry is riding a little too high right now as regional banks stumble.
Federal Reserve Chair Jerome Powell said it was probably good policy that the largest banks are not doing big acquisitions, but said that JPMorgan Chase & Co's acquisition of First Republic Bank was an exception. Regulators have to follow the law of going with the least-cost bid, Powell said. Regulators seized First Republic and sold its assets to JPMorgan on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil.
PacWest and Western Alliance fell again Wednesday after plummeting Tuesday.
Yahoo Finance Fed reporter Jennifer Schonberger discusses comments made by Federal Reserve Chairman Jerome Powell on how long the Fed plans on continuing to raise interest rates in wake of the ongoing banking crisis.
eToro USA Investment Analyst Callie Cox and Wells Fargo Senior Economist Michael Pugliese discuss the Federal Reserve's decision to raise interest rates by 25 basis points and break down how long its strategy of quantitative tightening might continue.
First Republic lost $100 billion of deposits in the first quarter and has unrealized losses in its bond and loan portfolios.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in regional bank stocks.
Recently, Zacks.com users have been paying close attention to First Republic Bank (FRC). This makes it worthwhile to examine what the stock has in store.
Investing.com -- Shares in midsize U.S. banks were higher in volatile trading on Wednesday, paring back some of the sharp losses seen in the prior session, as uncertainty hung over the sector following the failure of First Republic Bank earlier this week.
S&P cut its rating to 'CC' from 'B+' and said it expects default to be a "virtual certainty". On Monday, JPMorgan Chase & Co struck a deal with the U.S. Federal Deposit Insurance Corp (FDIC) to take control of most of the San Francisco-based bank's assets. Since JPMorgan assumed the substantial majority of First Republic's assets, it is most likely that the lender would default on any other senior financial obligations given what would be an insufficient remaining asset base, S&P said.
Investing.com -- Major Asian bank stocks fell on Wednesday, tracking declines in their U.S. peers after the collapse of First Republic Bank sparked renewed concerns over a U.S. banking crisis.
Yahoo Finance's Brian Sozzi, Allie Garfinkle, and Rick Newman join the Live show from the 2023 Milken Institute Global Conference to discuss how business leader's are addressing the impact of the recent banking crisis and adoption of artificial intelligence.
Yahoo Finance Live checks out bank stocks after Tuesday's closing bell as the industry continues to experience uncertainties tied to March's banking crisis.
Their drops come one day after JPMorgan Chase purchased the bulk of First Republic, in a deal that was designed to restore stability to the banking system after two months of turmoil.
Guggenheim Investments Co-President Dina DiLorenzo sits down with Yahoo Finance's Brian Sozzi at the 2023 Milken Institute Global Conference to discuss how investors can best protect their portfolios amid fears of an upcoming recession.
The Yahoo Finance Live team discusses the decline of regional bank stocks following JPMorgan's acquisition of First Republic Bank, market sentiment, the outlook for investors amid the U.S. banking crisis, and the Fed's upcoming decision on a potential rate hike.
Michael Milken explains why the recent bank collapses aren't history repeating and the one lesson financial institutions are learning in real-time.
JPMorgan Chase & Co on Monday bought a majority of First Republic Bank's assets. "If a 'confidence crisis' can happen to First Republic, it can happen to any bank in this country." "First Republic bank failure means unfortunately that the other 'so called' troubled regional banks should probably continue to sleep with one eye open."