First Republic Bank Stock Outperforms Competitors On Strong Trading Day
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Shares of First Republic Bank (FRC) advanced 9.98% to $34.27 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. First Republic Bank closed $139.94 below its 52-week high ($174.21), which the company achieved on March 22nd.
The stock outperformed some of its competitors Thursday, as Ameriprise Financial Inc. (AMP) rose 1.60% to $288.08. Trading volume (185.1 M) eclipsed its 50-day average volume of 9.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:56 ET (20:56 GMT)
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