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Fly News Breaks for January 17, 2020
FRC
Jan 17, 2020 | 08:22 EDT
Maxim analyst Michael Diana raised his price target on First Republic to $130 and kept his Buy rating after its Q4 earnings beat. The analyst notes that while the bank's net interest margins were down 7bps and the management forecast additional compression in 2020, he sees a "stable" net interest margin trend and points to the company's record loan originations and continued excellent credit quality.
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