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Stock Market & Financial Investment News

News Breaks
March 18, 2014
09:08 EDTFRCFirst Republic Bank 4M share Spot Secondary priced at $52.60
The deal size was increased to 4M shares from 3.5M shares and priced between the $52.40-$54.70 range. BofA/Merrill and JPMorgan acted as joint book running managers for the offering.
News For FRC From The Last 14 Days
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July 1, 2015
06:22 EDTFRCValley National upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Valley National (VLY) to Neutral saying interest rates being "low for long" could drive bank stocks above fair value at least over the short-term. The firm raised its price target for Valley to $11 from $9.50. JPMorgan also upgraded BankUnited (BKU) this morning to Overweight. Its top picks in the U.S. Mid- and Small-Cap Banks space are SVB Financial (SIVB), KeyCorp (KEY) and First Republic (FRC).

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