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The company reaffirmed its 2023 net sales guidance of approximately $19.4 billion and revised its earnings outlook for the year from $16.00-$18.00 to $13.00-$15.00 per share.
First Republic Bank (FRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In 1998, First Republic acquired Trainer Worthman & Co., and in December 2001, it acquired Starbuck, Tisdale & Associates for $13 million in cash and stock. In January 2000, First Republic acquired an 18% interest in Froley, Revy Investment Company Inc., and in 2002, it purchased the investment firm for $17 million in cash and stock. [7]
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While the improving lending environment and NII growth are likely to have buoyed First Republic's (FRC) Q2 earnings, market depreciation is expected to have weighed on its investment advisory fees.
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While a decent lending environment and NII growth are expected to have aided First Republic's (FRC) Q3 earnings, equity market volatility is expected to have weighed on its investment management fees.
Weekend end date Film Gross Notes Ref. 1: January 8, 2023: Avatar: The Way of Water: $45,838,986: Black Panther: Wakanda Forever and Avatar: The Way of Water became the first two films to consecutively top the box office for four consecutive weekends each since The Hunger Games: Mockingjay – Part 2 and Star Wars: The Force Awakens in 2015 and 2016.
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related to: frcb stock earnings date 2023 calendar