First Republic Bank stock rallies after Q4 results beat estimates

Earnings of First Republic Bank (FRC) increased and exceeded expectations in the fourth quarter, reflecting a sharp growth in interest income amidst record loan growth. The positive results spurred a stock rally and the bank’s shares gained in the early trading hours Tuesday. Net profit grew by 19.6% to $215.19 million and earnings per share … Continue reading First Republic Bank stock rallies after Q4 results beat estimates