In a bad season for banks in the stock market, few have fared worse without apparent reason than Republic New York Corp.

Republic's shares trade at only 120% of book value in contrast to the 145% average for regional banks - a steep discount that has started to attract the attention of analysts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.