Opinions
Craig Millar
First Republic Bank
FRC-N
PAST TOP PICK
Jun 25, 2015
Stock price when the opinion was issued
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First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk. The Wealth Management segment consists of the investment management activities of FRIM, First Republic Trust Company, FRTC Delaware, mutual fund activities through third-party providers, the brokerage activities of FRSC, and foreign exchange activities conducted on behalf of clients. The company was founded by James H. Herbert II in February 1985 and is headquartered in San Francisco, CA. Social media mentions are up 1200% in the past 24h.
(Top Pick Jun 3/14, Up 24.02%) A fabulous bank. A bank you can own for a long, long time. There is speculation they might get taken out. Last year they announced they would pass 50 Billion in assets, but that meant absorbing a lot of costs to manage themselves. This was a buying opportunity. They need to beef up their reporting requirements. Silicon valley, California.