2023-04-26 14:04:00
[２６日 ロイター] – In trading on the 26th, the stock price of the US middle-ranking bank First Republic Bank plunged by 41% at one point, renewing the lowest price. The market capitalization fell below $1 billion for the first time. Concerns over the restructuring plan were heightened after reports that the U.S. government is currently reluctant to intervene in the bailout process.
First Republic said on Monday it had lost more than $100 billion in deposits in the first quarter and said it was exploring options including restructuring its balance sheet. On the 25th, it is considering options for business revitalization, such as the establishment of a “bad bank” (an asset management company that uses public funds to purchase non-performing loans from financial institutions) and the sale of assets. I found out from
“The First Republic assets will eventually be sold, but it could take time and could be at a significant discount,” said David Wagner, portfolio manager at Aptus Capital Advisors. there is,” he said.
At least three brokerage firms have lowered their price targets since the first-quarter earnings announcement on Wednesday. KBW Regional Bank shares are down 4.4% this week as pressure in the banking sector mounts again.
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