+ Watch FRC
on My Watchlist
Weiss Watchdog recently moved FRC up to a grade of A- from B+. Very "solid" bank, didn't receive any TARP funds like many others did a few years ago.
SW likes good management and good customer service
Solid reserves, high profile, money.
This bank caters to the rich. Their portfolio of bad loans is .01% and soon the no chatter rule will be taken off.
Cramer pick, no exposure to sub-prime, good management and located in a great city. Should be good for long term.
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