First Republic Bank (San Francisco CA Rises On Unusually High Volume (FRC)

NEW YORK ( TheStreet) -- First Republic Bank (San Francisco CA (NYSE: FRC) is trading at unusually high volume Wednesday with 2.4 million shares changing hands. It is currently at two times its average daily volume and trading up $1.79 (+4.5%) at $41.49 as of 3:16 p.m. ET.

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First Republic Bank (San Francisco CA has a market cap of $5.28 billion and is part of the financial sector and banking industry. Shares are up 21.1% year to date as of the close of trading on Tuesday.

First Republic Bank, together with its subsidiaries, provides personalized, relationship-based preferred banking, business banking, real estate lending, trust, and wealth management services to clients in metropolitan areas of the United States.

TheStreet Ratings rates First Republic Bank (San Francisco CA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full First Republic Bank (San Francisco CA Ratings Report.

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