First Republic Bank's shares rose nearly 5% premarket on Thursday, following a bruising sell-off that wiped out 60% of the stock's value this week.
Traders gather at the post where First Republic Bank as the stock is halted from being traded on the floor of the New York Stock Exchange in New York City, U.S., March 15, 2023. REUTERS/Brendan McDermidshares rose nearly 5% premarket on Thursday, following a bruising sell-off that wiped out 60% of the stock's value this week.
First Republic's woes this weak has brought the banking sector under renewed pressure as it looks to recover from the biggest turmoil since 2008.
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