Shares of FIRST REPUBLIC BANK (FRC) Rise to a New 52-Week High

July 13, 2021 12:12:25

FIRST REPUBLIC BANK (NYSE:FRC) traded today at a new 52-week high of $199.70. Approximately 584,000 shares have changed hands today, as compared to an average 30-day volume of 705,000 shares.

First Republic Bank is engaged in providing personalized, relationship-based services, including private banking, private business banking, real estate lending, and wealth management services. The group operates its business through two business segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are attracting funds from the general public, originating loans, and investing in investment securities. The Wealth Management segment consists of the investment management activities of FRIM, the Bank’s mutual fund activities through third-party providers, the brokerage activities of FRSC, and the Bank’s foreign exchange activities conducted on behalf of clients.

FIRST REPUBLIC BANK (NYSE:FRC) defies analysts with a current price ($195.82) 13.7% above its average consensus price target of $169.07.

In the past 52 weeks, shares of FIRST REPUBLIC BANK have traded between a low of $100.38 and a high of $199.70 and is now at $195.82, which is 95% above that low price.

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