Die Aktien der First Republic Bank wurden von S. auf Junk-Status herabgestuft&P Global; Die Aktie rutscht um mehr als ab 25% Untere

Nachdem die UBS die Credit Suisse übernommen hatte, spritzten fast ein Dutzend Finanzinstitute ein $30 Milliarden in die First Republic Bank vor vier Tagen, S&P Global hat die Aktien von First Republic am Sonntag auf Junk-Status herabgestuft. Anleger befürchten, dass die Geldspritze ausbleibt 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares fell more than 15% on Monday morning when Wall Street opened and by 1:15 Uhr. (ET), the stock was down more than 25%.

First Republic Bank Shares Slide 25% Lower Despite $30B Cash Infusion From 11 Lenders Last Week

At around 1:15 Uhr. Eastern Time on Monday, Schild 20, 2023, shares of San Francisco-based First Republic Bank (NYSE: FRC) were down more than 25% gegen die USA. Dollar. The commercial bank and wealth management services provider recently received $30 billion from 11 major banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells Fargo, BNY Mellon, PNC Bank, State Street, Truist Bank, and US Bank, Im März 16.

jedoch, the cash infusion has not helped First Republic as S&P Global reduced the bank’s stock (FRC) zu junk status, citing concerns that the recent help from 11 banks may not alleviate First Republic’s problems. This was the second downgrade of FRC in less than a week. First Republic has attempted to raise capital by issuing more shares and seeking investment from private equity firms and smaller banks.

This is First Republic’s second attempt to raise capital since Schild 10, and then it received the deposit injection from the major lenders six days later. CNN contributor Allison Morrow was told that First Republic is facing a fate similar to that of Silicon Valley Bank (SVB) due to being a “Bay Area-based lender with a deep-pocketed client base.” Patricia McCoy, a law professor at Boston College, gesagt Morrow that depositors are “particularly trigger-prone.”

“They’re sophisticated, they know they have other options, and they have mechanisms in place to move money quickly,” McCoy added.

Bei 1:15 Uhr. (ET) Im März 20, 2023, First Republic’s shares are down more than 25% this afternoon and trading for just above $17 per share. The bank’s shares reached an all-time intraday low while other banks managed to weather the storm on Monday following the Credit Suisse buyout.

What do you think about S&P Global downgrading First Republic Bank’s stock to junk status on Sunday? Share your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei Bitcoin-Tidings.com News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 6,000 Artikel für Bitcoin-Tidings.com Nachrichten über die disruptiven Protokolle, die heute auftauchen.

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