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First Republic Bank Holding On To Strong Gain In Afternoon Trading

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December 28, 2018 — 01:27 am EST

Written by RTTNews ->

(RTTNews.com) - Shares of First Republic Bank (FRC) have pulled back off their best levels of the day but continue to see considerable strength in afternoon trading on Friday. First Republic Bank is currently up by 5.1 percent, continuing to recover from the two-year closing low set on Monday.

First Republic Bank gapped open significantly higher on news the bank will replace SCANA Corp. (SCG) in the S&P 500 effective prior to the start of trading next Wednesday.

Dominion Energy ( D ) is acquiring SCANA Corp. in a deal expected to be completed soon pending final conditions.

Read the original article on RTTNews (http://www.rttnews.com/2965852/first-republic-bank-holding-on-to-strong-gain-in-afternoon-trading.aspx)

For comments and feedback: contact editorial@rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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