PACW News and Press, PacWest Bancorp From 05/11/23

2023-05-11 17:50:02 ET Shares of PacWest Bancorp ( NASDAQ: PACW ) ended more than 20% down on Thursday after the regional bank reported significant deposit outflows for the first week of May. Analyst’s view on the PacWest stock The California-based bank noted a 9.5% h...

The Dow Jones Industrial Average and S&P 500 fell as Disney shares were under pressure and concerns around regional banks persisted. The 30-stock index plummeted 238.44 points to 33,292.89, following a lower-than-expected wholesale inflation report and earnings from Disney The S&P...

2023-05-11 13:00:00 ET The stock market didn't get everything it wanted on Thursday morning, and share prices were broadly lower early in the trading session. Although losses for the Nasdaq Composite (NASDAQINDEX: ^IXIC) were minimal at about 0.2% as of 10 a.m. ET, other major marke...

2023-05-11 12:02:04 ET Gainers: Home Point Capital ( HMPT ) +18% on Mr. Cooper deal . Top KingWin ( TCJH ) +13% . Tian Ruixiang Holdings ( TIRX ) +13% . Mercurity Fintech Holding ( MFH ) +11% . Citizens ( CIA ) +8% . ...

2023-05-11 12:00:59 ET Shares of PacWest Bancorp (NASDAQ: PACW) traded roughly 24% lower as of 11:51 a.m. ET today after the bank disclosed in a regulatory filing that deposits declined by about 9.5% during the week ended May 5. PacWest has been the most pressured stock in the b...

2023-05-10 16:54:34 ET Summary The regional banking crisis has continued after the failure of Silicon Valley Bank. Rapid increases in short-term interest rates have pushed the cost of funds for some banks above the interest rate that they can conservatively earn on a loan portfoli...

2023-05-10 13:00:11 ET Summary BLS reported April 2023 CPI of 4.9%. Monthly and yearly price changes in shelter, used automotive, and gas discussed. Watch out for these ETFs. The widely watched Consumer Price Index lifted the index only marginally. Stock markets anti...

2023-05-10 01:59:00 ET Summary I think that the Fed had to take the olive branch that the market was extending to it with fully pricing in this rate hike. The First Republic going into receivership and having the merger there - I think from that vantage point, it was a win-win-win...

2023-05-09 08:41:32 ET Ohmyhome Limited ( OMH ) -31% . Lexaria Bioscience LEXX -26% an offering prices of $2.0M stock. AdaptHealth AHCO -17% after Q1 earning release . Fisker FSR -16% after Q1 earning release . Maravai LifeSciences Holdings ...

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...