First Republic shares close down 43%, continuing to fall after hours
Updated 1 hour ago
First Republic shares close down 43%, continuing to fall after hours
Shares in First Republic ended the week at fresh lows after the struggling lender on Monday reported a worse-than-expected $100 billion drop in customer deposits last month.
The stock was temporarily halted due to volatility before closing down 43% to around $3.50 a share. Shares continued to dive in after-hours trading on Friday.
For the year, First Republic’s stock is down about 97%. Its market capitalization has fallen to $642.33 million, according to FactSet.