The stock traded 40% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.
First Republic shares jump 40% as regional banks try to rebound from Monday’s sell-off

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The stock traded 40% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.