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First Republic shares fall on net interest income miss; US Bancorp gains

October 14, 2022

Via: Yahoo

First Republic Bank stock fell 10% Friday in the weakest share price reaction among four regional banks that reported earnings. While First Republic’s third-quarter earnings of $2.21 beat the target of $2.18 a share, its net interest income looking ahead is running about 4 basis points behind the forecast for growth of 2.75%, said Jefferies analyst Casey Haire.

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