First Republic’s 1Q profit climbs 13% on surge in loan demand

feb 13/gold rises by $1.40 to $1312.00/silver falls by 4 cents down to $15.68//another biggy: treasury receipts on a trailing 12 month venue falls indicating recession/budgetary deficit seems to be heading to 1.1 to 1.2 trillion dollars/ and income tax receipts on a personal and corporate level are falling; good reason for the stock market to rise

First Republic’s 1Q profit climbs 13% on surge in loan demand. At March 31, First Republic had total loans of $65.2 billion, up 21% from a year earlier. The surge in loan demand combined with slightly higher loan yields boosted net interest income by 17.6% year over year, to $588 million.

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First Republic’s 1Q profit climbs 13% on surge in loan demand record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company.

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By region: Capitals and Major Cities recorded the sharpest drop of 13.5% year-on. weakness of housing demand. Spanish banks are now Spain’s largest property owners. Spain’s banks hold more than.


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The bank's CFO says it has enough liquidity to meet loan demand in the. Total deposits at the $120 billion-asset M&T declined 1% in the first.

Jan 13 (Reuters) – JPMorgan Chase & Co reported a 24 percent rise in fourth-quarter profits on Friday, beating analyst expectations, as its Wall Street business benefited from a surge in trading.