First Republic up 50%, leading regional bank relief rally


On Friday I noted (and kept updating) how First Republic, because of its regional proximity to SVB, was at risk of a fear-fueled bank run. I also detailed how First Republic is more stable and diversified than SVB.

Now markets may be digesting the different bank and operational models as First Republic leads a relief rally among regional banks. It’s just one signal after some serious contagion panic. But it’s an encouraging sign as markets start to separate out some of the details among regional bank models.

Great news to start the day.

First Republic pre-market Tuesday trading was 40% as fears of an SVB-like bank run wane for now on the San Francisco bank.

Check It Out:

First Republic shares jump 40% as regional banks try to rebound from Monday’s sell-off

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