PACW News and Press, PacWest Bancorp From 06/27/23

2023-06-27 06:14:14 ET Summary Regional Banks have all the characteristics of Schrodinger's Cat. They appear phenomenally cheap on current earnings. They are dead in the water when you price in a reasonable cost of funds. We look at two popular funds and tell you how you s...

2023-06-26 13:00:46 ET Regional bank stocks rose in Monday midday trading after Federal Reserve data on Friday showed that U.S. bank deposits increased, indicating pressures may be easing on the sector. The SPDR S&P Regional Banking ETF ( KRE ) rose 2.1%, outpacing the SPD...

2023-06-26 11:52:44 ET PacWest Bancorp ( NASDAQ: PACW ) is in focus this morning after Ares Management Corp agreed to buy its specialty finance portfolio. What’s in it for Ares Management? California-based Ares acquired $3.5 billion worth of the bank’s lender-f...

2023-06-26 10:30:45 ET Summary Three of the thirty largest US banks collapsed earlier this year, raising concerns about the stability of the broader banking sector. Upcoming Federal Reserve stress tests and Q2 earnings reports will provide insight into the health of banks and the ...

2023-06-25 03:45:13 ET Summary Regional bank stocks have seen partial recoveries after a wave of losses in March and May, but most declined by around 10% over the past two weeks, indicating a bearish trend. PacWest Bancorp is perceived to be next on the "chopping block" due to its...

2023-06-25 01:17:43 ET Summary Regional banks have pulled back lately following a brief May and early June reprieve. PacWest's operating situation appears to have stabilized, with the management team taking quick action to raise rates for depositors and selling off a portfolio of ...

2023-06-09 05:38:30 ET Summary Truist Financial remains cheap in spite of positive industry developments. It's likely that investor sentiment in regional banks has already bottomed. We previously called out a profitable trade in TFC stock, and we think a similar trading opport...

2023-06-08 17:19:45 ET Shares of several bank stocks moved higher this week as investors started to get more comfortable with the sector in the wake of the banking crisis. Shares of PacWest Bancorp (NASDAQ: PACW) traded nearly 19% higher for the week as of the market close Thurs...

2023-06-08 08:19:43 ET Odeon Capital analyst Richard Bove on Thursday initiated coverage of PacWest Bancorp ( NASDAQ: PACW ) with a Hold rating, noting that the company's situation has stabilized but is still in a stressful position. When PacWest ( PACW ) lost $6.7B, or 19.8...

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. ...