m22au's journal

m22au said:
The four bank stocks that look most likely to suffer from SIVB contagion are PACW WAL FRC SBNY
https://finance.yahoo.com/quotes/sivb,kre,pacw,wal,frc,sbny/view/v1

Then the next riskiest might be CUBI and FFWM (listed in previous post)
and MCB was down 14% on Friday
https://finance.yahoo.com/quotes/cubi,ffwm,mcb/view/v1
More...

EGBN
https://seekingalpha.com/symbol/EGBN

Lost deposits, stock down 19% after release of financial results for the March 2023 quarter

https://www.sec.gov/Archives/edgar/data/1050441/000105044123000083/er1q2023-earningsreleasete.htm
 
m22au said:
FRC

https://news.firstrepublic.com/newsroom

Sunday March 12 announcement
"First Republic Bank Strengthens and Diversifies Liquidity"
https://news.firstrepublic.com/news...ic-bank-strengthens-and-diversifies-liquidity

Thursday March 16 announcement (various things including $30 billion deposit)
"Reinforcing Confidence in First Republic Bank"
https://news.firstrepublic.com/news...ls/reinforcing-confidence-first-republic-bank

The $30 billion deposit has "an initial term of 120 days at market rates"
https://www.timeanddate.com/date/dateadd.html
16 March + 120 days = 14 July
end of term is therefore Friday July 14, 2023.

https://ir.firstrepublic.com/filings

10-k filed on February 28, 2023
The number of shares outstanding of the Bank’s common stock, par value $0.01 per share, as of February 13, 2023 was 186,218,729
More...

FDIC announcement about FRC

JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California

https://www.fdic.gov/news/press-releases/2023/pr23034.html
 
m22au said:
FDIC announcement about FRC

JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California

https://www.fdic.gov/news/press-releases/2023/pr23034.html
More...

Failed bank information for FRC
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic.html

FAQ
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic-faq.html

PR about failure
https://www.fdic.gov/news/press-releases/2023/pr23034.html
 
A few short ideas, in approximate order of market cap

EMWPF,dbdqq,prtyq,endpq,sicp,arvl,rideq,curo,rad,prch
https://finance.yahoo.com/quotes/EMWPF,dbdqq,prtyq,endpq,sicp,arvl,rideq,curo,rad,prch/view/v1

espr,acb,kpti,bbbyq,sklz,sdc,real,dnmr,vrm,amrs,tree,ffie
https://finance.yahoo.com/quotes/espr,acb,kpti,bbbyq,sklz,sdc,real,dnmr,vrm,amrs,tree,ffie/view/v1

we,twou,nvta,icpt,qrtea,cyh,nvax,gol,tgi,rwt,hous,fubo,mpln
https://finance.yahoo.com/quotes/we,twou,nvta,icpt,qrtea,cyh,nvax,gol,tgi,rwt,hous,fubo,mpln/view/v1

bynd,comm,spce,rdfn,pct,vgr,fsr,open,mara,pton,bhc,upst,bbio,pbf,rig
https://finance.yahoo.com/quotes/by...,open,mara,pton,bhc,upst,bbio,pbf,rig/view/v1

lumn,dish,amc,fybr,iq,afrm,mstr,bili,w,cvna,nclh,lcid,ccl,coin,rcl
https://finance.yahoo.com/quotes/lu...tr,bili,w,cvna,nclh,lcid,ccl,coin,rcl/view/v1

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