First Republic Bank stock falls Tuesday, underperforms market

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Shares of First Republic Bank FRC, +0.75% sank 0.94% to $199.63 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, +0.47% falling 0.57% to 4,443.05 and Dow Jones Industrial Average DJIA, +0.46% falling 0.84% to 34,577.57. The stock’s fall snapped a two-day winning streak. First Republic Bank closed $5.05 short of its 52-week high ($204.68), which the company reached on August 6th.

Despite its losses, the stock outperformed some of its competitors Tuesday, as Bank of America Corp. BAC, +0.87% fell 2.69% to $39.84, SVB Financial Group SIVB, +1.29% fell 2.95% to $584.44, and East West Bancorp Inc. EWBC, +2.44% fell 2.10% to $71.41.true Trading volume (471,842) remained 127,396 below its 50-day average volume of 599,238.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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