How Much Is First Republic Worth?

Heard on the Street: After First Republic Bank’s $30 billion deposit rescue, investors are still struggling to figure out how to value the lender

For many years First Republic Bank traded at a premium valuation to most other banks, in part reflecting the view that it served a premium clientele.

into First Republic on Thursday, its shares declined sharply Friday. The bank is now trading at just over 30% of its tangible book value, versus a premium of around 50% for S&P 500 banks overall, according to FactSet.

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