Philip Morris International Inc. Stock Underperforms Friday When Compared To Competitors

First Republic Bank

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Financials : Banks | Small Cap Value

Company profile

First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are gathering deposits, originating and servicing loans and investing in investment securities. The principal business activities of the Wealth Management segment include the investment management activities of First Republic Investment Management, Inc. (FRIM), which manages investments for individuals and institutions; money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC (FRSC) and its foreign exchange activities conducted on behalf of clients.

Philip Morris International Inc. Stock Underperforms Friday When Compared To Competitors

5:19 pm ET February 24, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Philip Morris International Inc. (PM) slid 1.25% to $98.58 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.05% to 3,970.04 and Dow Jones Industrial Average falling 1.02% to 32,816.92. Philip Morris International Inc. closed $11.23 below its 52-week high ($109.81), which the company reached on May 25th.

The stock underperformed when compared to some of its competitors Friday, as Altria Group Inc. (MO) fell 0.72% to $47.17. Trading volume (3.6 M) remained 990,683 below its 50-day average volume of 4.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2023.

(END) Dow Jones Newswires

February 24, 2023 17:19 ET (22:19 GMT)