- Jul 23, 2014
- El Paso, TX
Is his quote fair or foul? @Klaus
J.P. Morgan keeps First Republic as top pick among small-, mid-cap banksFRC -24.72%Mar. 17, 2023 1:26 PM ET5 Comments
J.P. Morgan analyst Steven Alexopoulos not only maintained his Overweight rating on First Republic Bank (NYSE:FRC) after a group of the U.S.'s largest banks agreed to place $30B of uninsured deposits at the struggling lender but keeps FRC his top pick among small- and mid-cap banks.
"With the shares trading well below TBV (and well below 'burn-down' TBV for unrealized HTM losses), we see this as a higher risk but potentially very high reward name," Alexopoulos wrote in a note to clients.
Lol. Pretty simple observation he’s making.
I’d look at what these analysts say and work backwards…
Did they lose their ass and are recommending people to buy it?
Just bought it and want people to pour into it?
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