EFTA Document EFTA01450790

Deutsche Bank Markets Research Rating Buy Nt.trth ;:km;n lcc United States Fitthnciai Banks Company First Republic Bank Alert FP.0 N Twi.t; FRC UN NYS FRC Core NIM Upside in FY14, Growth Normalizing But Still Strong Re:itorote Buy. IP t St. to $52. Core EPS to $2 56:S2.70S3.15 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 ass