Trading Insights
FDIC Says “Sell in May” — First Republic Seized and Sold to JPMorgan
Branches of First Republic will reopen as JPMorgan after the acquisition of the failing bank. JPM shares soared to a 52 week high on the news.
Branches of First Republic will reopen as JPMorgan after the acquisition of the failing bank. JPM shares soared to a 52 week high on the news.
Buckle up — Credit Suisse just lost a key backer, and the timing couldn’t be worse. Now, this popular credit rating agency thinks First Republic Bank could be the next to fall.