Stocks moving in after-hours: United Airlines, First Republic, Charles Schwab

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United Airlines (UAL)

United Airlines stock fell more than 7% after the company said it expected quarterly loss from its labor contract. United now sees a loss of 60 cents to $1 per share in the first quarter. Analysts were expecting a profit of 69 cents.

The company said it is “looking at new seasonal demand patterns, with low demand months such as January and February 2023 showing lower growth than high demand months.” United expects revenue per available seat mile to grow between 22% and 23% for the first quarter of 2023 versus the first quarter of 2022, down from its original guidance of about 25%.

Shares of airlines have outperformed this year as consumers choose to spend their money on travel over buying luggage or discretionary items. United Airline stock is up nearly 30% year-to-date.

In this photo taken on March 8, 2023, United Airlines Airbus A319-132 aircraft is shown parked at the gate of George Bush International Airport (IAH) in Houston Texas. (Photo by Daniel Slim/AFP) (Photo Daniel Slim/AFP via Getty Images)

First Republic Bank (FRC)

Shares of First Republic Bank rebounded 5% in after-hours after brutal day for the San Francisco-based bank. First Republic stock closed a record 62% lower on Monday despite measures by US regulators to boost confidence in the regional banking system following the collapse of the Silicon Valley bank.

Analysts at Raymond James, Compass Point and Wolfe Research downgraded First Republic. However, JP Morgan reiterated its overweight rating on the stock and said it is a for investors.

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The entire regional banking sector remained under pressure on Monday.

“Here it’s just question of fear. It’s a question of a classic run on the bank,” Mark Cooper, CEO of Solomon Partners, told Yahoo Finance Live. Cooper confirmed that he had the funds in First Republic and would keep them there.

Cooper said, “What we’ve learned in general from the past is that they don’t end quickly. These tough times don’t end quickly.”

Charles Schwab (schw,

Charles Schwab stock rose more than 1% in after-hours hours after hard selloff on Monday. The stock closed down 11% at $51.91. assurances From the company that it has lot of funds. Shares fell as much as 23% during the trading session – its biggest one-day drop.

On Monday, analysts at Citi defended the stock and upgraded their rating from Neutral to Buy, noting a “compelling” entry point.

“We see near-term revenue/earnings drags from rising funding costs and continued client cash sorting, but we believe these are reflected in the current stock price,” wrote analysts Chris Allen and Alessandro Balbo.

Ines is Senior Business Reporter for Yahoo Finance. follow him on twitter @ines_ferre

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