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July 16, 2021, 4:55 p.m. EDT

First Republic Bank stock falls Friday, underperforms market

MarketWatch Automation

Shares of First Republic Bank (NYS:FRC) slid 2.15% to $195.53 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index (S&P:SPX) falling 0.75% to 4,327.16 and Dow Jones Industrial Average (DOW:DJIA) falling 0.86% to 34,687.85. The stock's fall snapped a two-day winning streak. First Republic Bank closed $6.54 below its 52-week high ($202.07), which the company achieved on July 14th.

Despite its losses, the stock outperformed some of its competitors Friday, as Bank of America Corp. (NYS:BAC) fell 2.34% to $37.92, SVB Financial Group (NAS:SIVB) fell 3.27% to $561.76, and East West Bancorp Inc. (NAS:EWBC) fell 2.23% to $69.37.true Trading volume (947,655) eclipsed its 50-day average volume of 653,418.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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