PACW News and Press, PacWest Bancorp From 05/15/23

2023-05-15 07:40:05 ET Stock futures tracked to the topside on Monday morning after Wall Street’s averages finished lower last week. At the moment, Nasdaq futures ( NDX:IND ) picked up 0.2% , the S&P futures ( SPX ) gained 0.3% , and the Dow ...

2023-05-15 07:02:00 ET Four banks in the U.S. have now collapsed since March, and while it looks like much of the banking system has avoided broader contagion, the banking crisis is certainly not over just yet. Recently, shares of the Los Angeles-based lender PacWest Bancorp (NASDAQ: ...

2023-05-15 06:37:36 ET PacWest Bancorp's Painful Plunge Bank rout: Contagion fears, market manipulation or self-fulfilling prophecy? For further details see: PacWest slips further as talk continues on bank short-selling ban

2023-05-14 09:00:00 ET Summary U.S. equity markets finished lower for a second-straight week as data showing an encouraging cooldown of inflationary pressures was offset by ongoing regional bank instability and an unresolved debt ceiling standoff. Declining for a second week after...

2023-05-13 07:00:00 ET Summary Inflation remains stuck around 5%. The Fed has paused unless inflation remains stuck, then the Fed might keep hiking. The banking crisis is contained to relatively small banks that don't threaten another Great Financial Crisis. The economic d...

2023-05-13 03:57:33 ET Summary Shares of PacWest Bancorp took a beating after the company filed its 10-Q that showed some interesting subsequent events. Although some of the news was good and other news was neutral, the picture has shown signs of worsening in recent days. This...

2023-05-12 14:33:14 ET Summary The U.S. banking system is caught in a major storm and the flood waters continue to rise. How much is the banking system at risk going forward? What are the implications for the broader economic and financial markets? If it keeps on r...

2023-05-12 07:07:16 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Elon Musk says he's picked a new Twitter CEO ; Tesla ( TSLA ) shares jump (updated). PacWest ( PACW ) stock resumes drop after pledging m...

2023-05-12 06:55:47 ET U.S. stock futures are slightly higher following a volatile week that included worries over the debt ceiling and regional bank health. At the time of writing, contracts linked to the Dow ( INDU ) and S&P 500 ( SPX ) are up 0.4% , while Nasdaq f...

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...