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Stock Market & Financial Investment News

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July 17, 2014
08:25 EDTFRCFirst Republic Bank concerns overblown, says FBR Capital
FBR Capital says that despite First Republic Bank's weaker than expected outlook, concerns around the company's expenses are overblown. FBR says First Republic remains a growth name with takeout potential despite a reduced near-term earnings profile. It keeps an Outperform rating on the stock with a $55 price target.
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