Bullishcharts

$FRC First Republic Bank Breakout Alert

Long
NYSE:FRC   FIRST REPUBLIC BANK
Day trade opportunity entry level $118 = Target price $121 = Stop loss $117
Indicators and volume all in bullish trajectory.
Do not see it as anything more than a quick trade , quite high valuation on the company.
The price is also well above the average analysts price target.
Company profile
First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk. The Wealth Management segment consists of the investment management activities of FRIM, First Republic Trust Company, FRTC Delaware, mutual fund activities through third-party providers, the brokerage activities of FRSC, and foreign exchange activities conducted on behalf of clients. The company was founded by James H. Herbert II in February 1985 and is headquartered in San Francisco, CA.

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