PACW News and Press, PacWest Bancorp From 05/09/23

2023-05-09 08:40:39 ET Regional bank stocks continue their whipsaw action Tuesday morning and concerns about deposits continue to unnerve the financial sector. Shares are under pressure again but off their earlier premarket lows. The SPDR Regional Bank ETF ( NYSEARCA: KRE ) -1...

2023-05-09 06:40:20 ET Stock index futures pointed to a lower open Tuesday as regional banks found themselves on the back foot again. S&P futures ( SPX ) -0.3% , Dow futures ( INDU ) -0.3% and Nasdaq 100 futures ( NDX:IND ) -0.3% were lower. Financial...

2023-05-09 04:00:00 ET Summary Better-than-expected results for the week once again lift S&P 500 EPS growth for Q1 2023, now set to come in at -2.2%. Potential earnings surprises this week: PerkinElmer, Air Canada. Names to watch during the third peak week: DIS, TWLO, UAA,...

PacWest Bancorp (NASDAQ: PACW) is one today's most active stocks by volume. So far today, approximately 78.42M shares of PacWest Bancorp have been exchanged, as compared to an average 30-day volume of 26.94M shares. PacWest Bancorp operates as the bank holding company for Pacific Western Bank ...

2023-05-08 11:26:57 ET Shares of PacWest Bancorp (NASDAQ: PACW) traded more than 7% higher as of 11:12 a.m. ET today after the bank announced late Friday night that it would nearly eliminate its dividend. Shares had been up almost 40% in premarket trading. On Friday night, PacWe...

2023-05-08 08:02:34 ET Regonal bank stocks continue Friday's rally, with the SPDR S&P Regional Banking ETF ( NYSEARCA: KRE ) gaining 2.1% in Monday premarket trading after PacWest Bancorp ( NASDAQ: PACW ) slashed its dividend to conserve cash in an uncertain backdrop...

2023-05-08 07:45:00 ET Summary Warren Buffett warned bank investors over the weekend that he doesn't "know where the shareholders of banks are heading." Schwab's balance sheet remains under pressure as clients search for higher yields. The company must demonstrate its ability ...

2023-05-08 06:36:55 ET PacWest Bancorp ( NASDAQ: PACW ) declares $0.01/share quarterly dividend , -96% decrease from prior dividend of $0.25. Forward yield 0.69% Payable May 31; for shareholders of record May 15; ex-div May 12. Paul Taylor, President and CE...

2023-05-08 04:55:36 ET Summary U.S. Bancorp still reporting solid first-quarter results, has a very compelling dividend yield, and is trading for low valuation multiples. But the company has rather low financial stability metrics and in the current environment with banks collapsin...

2023-05-08 00:48:23 ET Summary Thirteen badly beaten-up bank stocks are reviewed and compared to those that were recently taken over. Items reviewed include uninsured deposits, risky activities, unrealized investment losses, capital ratios, ROE, performance in the last recession, ...