|Bid||103.12 x 800|
|Ask||103.27 x 800|
|Day's Range||102.63 - 103.41|
|52 Week Range||79.42 - 106.75|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||20.79|
|Earnings Date||Apr 11, 2019 - Apr 15, 2019|
|Forward Dividend & Yield||0.72 (0.72%)|
|1y Target Est||105.24|
M&T Bank's (MTB) Q1 earnings benefit from higher revenues. Further, impressive improvement in credit quality and lower expenses support results.
on Friday reported first-quarter earnings that beat analysts' forecasts amid higher interest income and a particularly big jump in mortgage loans. Analysts polled by FactSet had been expecting earnings per share of $1.22. Revenue was $807.4 million, up 12%, while net interest income after provisions for loan losses was $660.8 million vs. $574.8 million a year earlier.
First Republic Bank (FRC) delivered earnings and revenue surprises of 3.28% and -0.82%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Revenues from Citigroup's (C) consumer banking business are expected to support its Q1 performance. However, trading and investment banking revenues are likely be low on a year-over-year basis.
M&T Bank's (MTB) Q1 results are likely to witness rise in revenues on higher interest income and loan growth, partially offset by increased expenses.
First Republic's (FRC) Q1 results are likely to witness rise in interest income, partially offset by decline in fee income.
First Republic Bank NYSE:FRCView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is moderate for FRC with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 1. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.06 billion over the last one-month into ETFs that hold FRC are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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First Republic Bank (FRC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of First Republic Bank and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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First Republic Bank , a leading private bank and wealth management company, today announced it will release first quarter 2019 financial results before the market opens on Friday, April 12, 2019.