NEW YORK (TheStreet) -- First Republic Bank shares are down 0.63% to $47.46 in trading on Thursday after the San Francisco-based bank released its fourth quarter earnings results today. The company reported fourth quarter net income of $115.5 million which was flat from the previous year,and an EPS of 67 cents per share, five cents short of analysts' expectations for the quarter. The bank also reported revenue of $416.7 million that failed to meet analysts' $428 million expectations for the period. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. For the year, the company's profit increased 5% to $487 million, or $3.07 per share, though the stock has fallen 7.5% over the past 12 months. TheStreet Ratings team rates FIRST REPUBLIC BANK as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate FIRST REPUBLIC BANK (FRC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: FRC Ratings Report FRC data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on FRC. Click to research the Banking industry.
from Latest TSC Headlines http://ift.tt/158lFN8
No comments:
Post a Comment