EFTA Document EFTA01450872

Deutsche Bank Markets Research Rating Buy Nt.trth ;:km;n lcc United States Fitthnciai Banks Company First Republic Bank Alert FP.0 N FRC UN Twi.t; NYS FRC Core NIM Upside in FY14, Growth Normalizing But Still Strong Re:;torote Buy. IP t St. to $52. Core EPS to $2 SCPS2.70 $3.15 for FYI3/14/ I 5 We continue to view the stock as one of our top growth picks in the mid cap bank space. We raised our core EPS estimates by $0.03/$0.10 in FY14/FY15 to account for stronger earning as