Trade with care
$First Republic Bank(FRC.US$ may be closer to opening bell, clearer picture will emerge. What would jpm want frc price direction?
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来たか : Conscience must be top
Leefh : JPm already acquired assets of FRC from FDIC therefore nothing left for FRC shareholders from JPM. Dyodd
102597866 : lol don’t spread fake news. JPM only acquired the loans and assets from Frc. It did not buy over Dec. It’s different.
Eagle FliesOP : Since the shares are being traded, frc should be still alive and has value, just majority assets bought over by jpm
Eagle FliesOP : It seems the concerns are not the share holders' but depositors
tidy Axolotl_7195 Eagle FliesOP: always the case since the start of the 1st bank failure.They have to protect depositors to curb further bank runs.But dont have enough cash to protect shareholders becoz too many banks are at risk of collapsing esp when FED very likely will do a 25basis point hike this week.