1 New Low, 1 New High

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 25 April 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First Republic Bank and Pepsi are very different businesses with stocks moving in very different directions.

(00:21) Jim Gillies discusses:
- First Republic Bank shares plummeting after terrible quarterly results and a surprisingly brief conference call
- Medpace Holdings crushing their 1st-quarter report and (once again) winning the guidance game
- Pepsi's stock hitting an all-time high after snacks fueled Q1 results

(16:03) Bill Mann joins Alison Southwick and Prof. Robert Brokamp to talk about the "new normal" of hybrid work.

Companies discussed: FRC, MEDP, PEP

Check out the newest episode of our premium podcast, Stock Advisor Roundtable!
https://open.spotify.com/episode/6MWIz55NW99Av1l7w9FrXU?si=05100b2801f84f63&nd=1

Host: Chris Hill
Guests: Jim Gillies, Alison Southwick, Robert Brokamp, Bill Mann
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Transcript

Click on a timestamp to play from that location

0:00.0	We've got a bank stock hitting an all-time low and a beverage stock hitting a new all-time high.
0:10.4	Motley full money starts now.
0:12.1	I'm Chris Hill joining me today.
0:23.0	Motley full senior analyst Jim Kiles.
0:24.8	Good to see you, sir.
0:25.8	Good to be seen, Chris.
0:27.8	Thanks.
0:29.4	A few things I want to get to, but real quick, we should probably start with First Republic
0:34.1	Bank because shares are down nearly 30%.
0:39.7	I believe the big ground number I saw was $100 billion worth of deposits are no longer
0:45.7	at First Republic Bank.
0:48.7	And it's not often that conference calls make headlines, but I'll just quote one executive
0:56.1	at First Republic Bank who apparently said on the call, given the events of March, we
1:01.4	are withdrawing all previously communicated financial guidance.
1:06.0	Please note, there will be no question and answer session following our prepared remarks.
1:14.0	That's pretty breast taking.
1:16.0	And the only thing that would make it more breast taking, Jim, since I am not a shareholder
1:21.0	of First Republic Bank, and I'm going to go ahead and assume that most people listening
1:26.8	are also not shareholders of First Republic Bank.
1:29.5	The only thing that would take my breath away more is if you tell me what's happening
1:33.6	at that bank is going to spread to other banks.
1:38.3	This one's not good.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.