FRC First Republic Bank Price Target

FRC First Republic Bank received uninsured deposits of $30 billion on Mar 16, 2023, from 11 banks of the country: Bank of America Corporation BAC, Citigroup Inc. C, JPMorgan Chase & Co. JPM, PNC Bank, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street, Truist, and U.S. Bank.

I know it`s a risky trade, but i believe this recue package puts it in a lot better situation that CS Credit Suisse Group.

My price target for FRC First Republic Bank is at least $30.30 and maybe $52.20.

Looking forward to read your opinion about it.