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JPMorgan to acquire most of the First Republic after frantic weekend rescue
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Cramer ETF joined discussion · Apr 26, 2023 04:37

First Republic’s ‘miserable moment’ is different from the 2008 contagion, Jim Cramer says

First Republic Bank’s shaky deposit footing and dismal earnings report won’t trigger the chain reaction that investors fear, Jim Cramer said on Tuesday.

“There’s one big difference between now and 2008: This time there is no systemic contagion,” Cramer said on Tuesday.

First Republic tumbled over 49% on Tuesday, reaching a new 52-week low. $First Republic Bank (FRC.US)$
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