First Republic Bank - Unsalvagable?

It is going through the hardest time since its founding till now.

That's not all.

Over the past 3 weeks, First Republic has lost eight teams or solo advisors to competitors.

Without teams to service clients, even if the balance sheet is strong and robust, there could be more headwinds and challenges in the coming quarterly performances of the bank.

That said, if it does survive this onslaught, today's price is definitely trading at steep deep value territory.

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