To gain an edge, this is what you need to know now.
First Republic
Please click here for a chart of First Republic Bank stock (FRC).
Note the following:
- The Afternoon Capsule is about the big picture. The chart of FRC is being used as FRC is driving the stock market lower.
- First Republic Bank focused mostly on the western U.S. catering to rich clients.
- Until the Silicon Valley Bank failure, First Republic Bank was the envy of the banking industry.
- When you look at the chart, keep in mind that the 52-week high of FRC is $171.09.