The report provides a financial analysis and outlook for First Republic Bank, maintaining a 'Buy' rating with a target price of $52. It highlights expected core NIM expansion in FY14, strong asset growth, and solid fee income growth. The report also discusses potential risks such as economic weakness in California and changes in tax policies.
doj/DataSet10/EFTA01450872.pdf
{"title":"Deutsche Bank Markets Research - First Republic Bank Alert","key_people":["Dave Rochester"],"document_date":"2013-10-15","document_type":"financial","key_locations":["United States","California"],"document_subtype":"Research Report","key_organizations":["Deutsche Bank","First Republic Bank"],"reference_numbers":["DB-SDNY-0106825","SDNY_GM_00253009","EFTA01450872"]}