First Republic Bank (FRC) Reaches New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified First Republic Bank ( FRC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified First Republic Bank as such a stock due to the following factors:

  • FRC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.6 million.
  • FRC has traded 10,108 shares today.
  • FRC is trading at a new lifetime high.

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More details on FRC:

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The stock currently has a dividend yield of 1%. FRC has a PE ratio of 21. Currently there are 7 analysts that rate First Republic Bank a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for First Republic Bank has been 699,300 shares per day over the past 30 days. First Republic has a market cap of $8.2 billion and is part of the financial sector and banking industry. Shares are up 13.8% year-to-date as of the close of trading on Monday.

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