First Republic Reports Strong Third Quarter 2016 Results
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FBR Capital Raises price Target on First Republic Bank (FRC) Following 3Q Report
October 14, 2016 7:43 AM EDTFBR Capital reiterated a Market Perform rating on First Republic Bank (NYSE: FRC), and raised the price target to $80.00 (from $73.00), following the company's 3Q earnings report. FRC reported EPS of $1.00, beating the Street's estimate of $0.99. Total revenues increased 19.2% YOY and 4.3% QOQ primarily due to strong growth in net interest income and wealth management fees.
Analyst Paul Miller commented, "Yesterday morning,... More
First Republic Bank (FRC) Declares $0.16 Quarterly Dividend; 0.8% Yield
October 13, 2016 8:08 AM EDTFirst Republic Bank (NYSE: FRC) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.
The dividend will be payable on November 10, 2016, to stockholders of record on October 27, 2016, with an ex-dividend date of October 25, 2016.
The annual yield on the dividend is 0.8... More
First Republic Bank (FRC) Tops Q3 EPS by 1c
October 13, 2016 8:07 AM EDTFirst Republic Bank (NYSE: FRC) reported Q3 EPS of $1.00, $0.01 better than the analyst estimate of $0.99. Revenue for the quarter came in at $557.9 million versus the consensus estimate of $592.65 million.
"We're pleased with third quarter results. Our client-centric business model continues to perform... More
