is this plunge an overreaction to something we already knew?...
$First Republic Bank(FRC.US$ is this plunge an overreaction to something we already knew? earning beats. an opportunity to add more?
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活力的羅傑 : An opportunity for you to earn more
Riding Star : Deposit had out of bank. 2nd qtr may be worst
razo2 : my sweet summer child...40% of the deposit moved to the big banks within Q1 2023. as more people move their money out, how banks are going to make money? dancing accounting lady porn doesn't count as revenue for the banks.
one more detail you missed out. the fed government bailed out FRC with 30 billion. so... that 30 billion is now in big banks within the first Q. you can connect the lines from here on.
razo2 : also the fed government is still lending to this bank with 5% interest rate. so, how the bank is going to make money when it doesn't have cash deposits and with 5% interest rate from the fed government?
102597866 : Well it’s post market plunge leh…And the management is taking aggressive steps to cut costs and actions to fill the gap.
102597866 : And partly because many ppl who want quick Buck buy at 12 and 13 and sell at 14 to 16…
Max Koh : deposit drop 35.5%,
share price drop >80% ,
it's worth to invest for long run.
razo2 : those clowns that still thinks this stock will fly. here is what going to happen. some bank is going to buy out FRC assets dime to the dollar.
look at Credit Suisse, Friday night the jokers are all says it is going to the moon, short squeeze, government going to bail them out, good long term investment, (fill in the blanks). Come Monday morning, news hit that UBS buys Credit Suisse at 0.8 USD as compared to Friday close of USD 2.2.
that time I say good luck and buy a rope from Amazon for yourself, wife and kids before margin call your phone number.
maybe you missed the memo, banks had stopped lending 3 weeks ago to avoid further damages of the credit crunch. can you suggest to me how on earth are banks are going to make more money without lending money to business and people? care to share? who in the hell will take a loan that is 5% interest rate? and let's not start with the recession that will happen soon.
Shroomie razo2: my sweet summer child.. everyone knew people moved there money.. that's why the stock fell from 100+ to 14... so what has changed? oh they lost deposits? old news
razo2 Shroomie: is ok continue to buy the dip. I want to see another Credit Suisse buy out. then I wait to see you cry with a rope around your neck
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