PACW News and Press, PacWest Bancorp From 06/07/23

The S&P 500 and NASDAQ closed lower Wednesday, with the broad market index fluctuating near its highest closing levels since August 2022. The Dow Jones Industrials gained 91.74 points to end Wednesday at 33,605.02. The much-broader S&P 500 backpedaled 16.33 points to 4,267.52. ...

2023-06-07 10:00:00 ET Summary Bank of America has delivered exceptional results over the last decade. BAC stock has been caught up in the banking malaise and has lost almost 50% from the peak. We tell you how you can make the case for investing in the stock and why it is stil...

2023-06-05 12:50:00 ET Summary During the Q1 2023 earnings season we profiled 9 companies that had unusual earnings dates, which can serve as a foreshadowing of what an upcoming report might reveal, and therefore be an indicator of corporate financial health. Seven of those compan...

2023-06-03 07:27:26 ET Summary PacWest Bancorp experienced extreme volatility in May but has shown positive progress since my previous BUY recommendation. PACW sold a real estate loan portfolio to Kennedy Wilson, strengthening regulatory capital ratios but eroding common equity. ...

2023-06-03 01:00:00 ET Summary May 2023 saw a rebound for dividend-paying companies in the U.S. stock market, with an increase in firms raising dividends and a decrease in dividend-paying firms. However, our sampling found 37 announcements of reduced, cut, or suspended dividends, ...

2023-06-02 13:05:41 ET Shares of many bank stocks moved higher today as Congress passed the debt ceiling bill last night and the market reacted positively to the May jobs report released this morning. Shares of the credit card and payments company American Express (NYSE: AXP) tr...

2023-06-02 12:00:42 ET Gainers: eHealth ( EHTH ) +19% . Diversified Healthcare Trust ( DHC ) +17% . PacWest Bancorp ( PACW ) +12% . SelectQuote ( SLQT ) +11% . Magic Empire Global ( MEGL ) +13% . Losers: Waterdrop...

2023-05-30 07:16:51 ET Summary New York Community Bancorp (NYCB) has emerged as a strong regional banking opportunity due to its acquisition of assets and liabilities from the failed Signature Bank, diversified portfolio, and solid liquidity and capital ratios. The bank's risk pro...

2023-05-29 09:00:00 ET Summary U.S. equity markets hovered around nine-month highs this past week as surprisingly solid economic data and earnings reports offset pressures from hawkish central bank rhetoric and a debt ceiling stalemate. Posting its highest end-of-week close since ...

2023-05-26 12:33:00 ET PacWest Bancorp (NASDAQ: PACW) had a bounce-back week, as its stock price was up 16.9% this week, as of Friday morning at 10:45 a.m. EDT, according to S&P Global Market Intelligence . The stock price had been up as much as 19.5% during the week. The st...