The Ratings Game: First Republic’s stock rocked as Wall Street braces for profit headwinds

by | Apr 25, 2023 | Stock Market

First Republic Bank’s stock fell to its lowest level in its 38-year history on Tuesday as the bank faced fresh doubts about its viability and analysts sifted through a difficult first-quarter update from the closely-watched lender. The stock FRC fell about 45% to below $9 a share on heavy volume of 114 million shares as the worst performer in the S&P 500 SPX, in afternoon action. Other…

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