First Republic Bank stock falls Tuesday, underperforms market

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Shares of First Republic Bank FRC sank 0.94% to $199.63 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.57% to 4,443.05 and Dow Jones Industrial Average DJIA falling 0.84% to 34,577.57. The stock’s fall snapped a two-day winning streak. First Republic Bank closed $5.05 short of its 52-week high ($204.68), which the company reached on August 6th.

Despite its losses, the stock outperformed some of its competitors Tuesday, as Bank of America Corp….