Professional money manager likes $BAC and $FRC at these levels: "...just making sure that we have exposure to the financial sector. Bank of America is one; First Republic (NYSE:$FRC) is another. In both cases, we needed exposure to the financial sector, and among the many opportunities or choices that we had in the financial sector, those seemed to be the best." https://www.twst.com/interview/obtaining-sensible-returns-with-a-disciplined-methodology
This has got to be the worst bank I have ever used. They have no technology, and they try to make up for it by giving you a cookie. They have insanely underinvested in technology. Hire some programmers, please.
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$FRC conversation
Weiss Ratings gives First Republic Bank an "A" as an investment rating, and a well-above-average B+ rating for bank safety.
"...just making sure that we have exposure to the financial sector. Bank of America is one; First Republic (NYSE:$FRC) is another. In both cases, we needed exposure to the financial sector, and among the many opportunities or choices that we had in the financial sector, those seemed to be the best."
https://www.twst.com/interview/obtaining-sensible-returns-with-a-disciplined-methodology
Target Raised by Barclays Equal Weight USD 130 » USD 156