Raymond James Downgrades First Republic Bank to Market Perform

Raymond James analyst David Long downgrades First Republic Bank (NYSE:FRC) from Strong Buy to Market Perform.

Raymond James analyst David Long downgrades First Republic Bank (NYSE:FRC) from Strong Buy to Market Perform.

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MEI Expects Q2 Net Sales $285M-$295M Vs $310.52M Est, Adj EPS $0.12-$0.17 Vs $0.49 Est , FY24 Net Sales $1.14B-$1.18B (Prior $1.15B-$1.20B) Vs $1.16B Est, Adj EPS $0.88-$1.08 (Prior $1.55-$1.75) Vs $1.59 Est, FY25 Net Sales $1.25B-$1.35B Vs $1.25B Est

For fiscal 2024 second quarter, the company expects net sales to be in a range of $285 to $295 million and diluted earnings per share to be in a range of $0.08 to $0.13. The

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