Published on 5 Nov 2021 on Market Watch
First Republic Bank stock rises Friday, still underperforms market
Shares of First Republic Bank inched 0.02% higher to $219.05 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.37% to 4,697.53 and the Dow Jones Industrial Average rising 0.56% to 36,327.95. First Republic Bank closed $2.75 below its 52-week high ($221.80), which the company achieved on November 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Bank of America Corp. fell 0.76% to $46.97, SVB Financial Group fell 0.49% to $747.52, and East West Bancorp Inc. rose 0.11% to $83.26. Trading volume (530,953) remained 127,943 below its 50-day average volume of 658,896.