First Republic Bank Stock Underperforms Friday When Compared To Competitors
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Shares of First Republic Bank (FRC) plummeted 32.80% to $23.03 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. First Republic Bank closed $151.18 below its 52-week high ($174.21), which the company achieved on March 22nd.
The stock underperformed when compared to some of its competitors Friday, as Ameriprise Financial Inc. (AMP) fell 2.31% to $281.43. Trading volume (138.1 M) eclipsed its 50-day average volume of 13.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:56 ET (20:56 GMT)
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