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First Republic Bank drops after expected quarter-point Fed hike; bank stocks mixed

Por: MarketWatch Business March 22, 2023

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The KBW Nasdaq Bank Index dropped 1.6% and the Financial Select SPDR Fund fell by 0.3%. While Morgan Stanley and Goldman Sachs posted gains of about 0.7% each, Bank of America Corp. dropped 1.5% and JPMorgan Chase fell 0.7%.  late Tuesday that First Republic had tapped Lazard to help it review its options, and consultant McKinsey for post-crisis planning, citing people familiar with the matter. Options on the table include a sale, a capital... + full article



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