: First Republic stock slides further on questions about its future

by | Apr 26, 2023 | Stock Market

First Republic Bank stock slid further early Wednesday after losing nearly half its value in the previous session as reports surfaced of efforts to backstop the S&P 500 index component to prevent further losses. First Republic fell 33% to $5.43 a share on heavy volume of 38 million shares. Meanwhile, PacWest Bancorp PACW was up 15% after it disclosed a rise in deposits with its first-quarter results. First…

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