First Republic Bank Shares Slide in Premarket Trading Alongside JPMorgan Chase.

First Republic Bank shares are down in premarket trading after the San Francisco-based bank announced it will suspend dividend payments on all series of preferred shares as a "measure of prudent oversight." This move has raised concerns among investors, with some speculating that it could be a sign of trouble for the bank. First Republic Bank was bailed out by 11 banks, including JPMorgan Chase, after the collapse of Silicon Valley Bank triggered deposit outflows from regional banks.