Weekly Viz 2023-05-01
First Republic Bank Failure
Today, the biggest news is probably First Republic Bank is sold to JPMorgan Chase, after two months’ stock plummet. It thus became the second largest bank failure in the US history. Therefore, today, I am visualzing the daily close price trend of First Republic Bank, with key events.
My Visualization
The chart is self-explanatory, and hopefully the marks make it easier to follow the stock price trend.
Please notice that all the visualizations are designed for desktop view, so it is recommended to view them on a desktop device.
Insights
- First Republic Bank failure followed the crisis of SVB. Its stock prices tanked from $100+ to <$5 in less than 2 months, indicating the imapct of interest rate hike and the wide-spread concern on U.S. regional banks.
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