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Topline
First Republic shares crashed to their lowest price ever after the San Francisco-based bank’s stock slid yet again Monday, as reports of a possible sale or capital raise stoke fears First Republic’s already sinking market value may soon go the way of its worse-off peers and investors begin to lose faith in the $30 billion plan to rescue the bank.
Key Facts
First Republic’s stock fell 41% to $13.52 by 3 p.m. ET, sinking to as little as $11.52 amid multiple halts due to volatility, easily on pace for its lowest closing price ever and a whopping 89% decrease from a month prior.
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