PACW News and Press, PacWest Bancorp From 07/26/23

2023-07-26 15:04:30 ET JPMorgan Chase ( NYSE: JPM ) has agreed to acquire $1.8B of single-family residential loans at a discount, people familiar with the matter told Bloomberg on Wednesday, to facilitate PacWest Bancorp's ( NASDAQ: PACW ) sale to Banc of California ( NYSE...

2023-07-26 12:59:58 ET Gainers: Vicor Corporation ( VICR ) +51% . Tupperware Brands Corporation ( TUP ) +43% . ABVC BioPharma ( ABVC ) +39% . Armata Pharmaceuticals ( ARMP ) +30% . PacWest Bancorp ( PACW ) +27% . XPeng ( XP...

2023-07-26 12:51:40 ET Regional bank stocks spiked in Wednesday afternoon trading as the previously announced sale of troubled lender PacWest Bancorp ( NASDAQ: PACW ) to Banc of California ( NYSE: NAC ) is seen as a positive for the sector. Overall, the Invesco KBW Regio...

2023-07-26 12:05:54 ET Gainers: Lion Group Holding ( LGHL ) +26% . PacWest Bancorp ( PACW ) +27% after merger agreement . Flushing Financial ( FFIC ) +19% after Q2 beat . Bitcoin Depot ( BTM ) +14% . Premier Financial ( PFC...

2023-07-26 11:48:45 ET PacWest Bancorp ( NASDAQ: PACW ) opened 30% up today after Bank of California Inc ( NYSE: BANC ) said it will buy the commercial banking company for $1.10 billion. Details of PacWest-Banc of California merger The all-stock merger will replace each ...

2023-07-26 11:20:29 ET Summary US regional bank stocks have been heavily shorted since the collapse of Silicon Valley Bank, with PacWest Bancorp being a prime target. However, stabilizing deposits have helped share prices recover. PacWest Bancorp announced its agreement to merge w...

2023-07-26 06:44:36 ET Summary The Federal Reserve is expected to raise rates, but future actions are uncertain. The International Brotherhood of Teamsters has reached a tentative agreement with United Parcel Service, which includes wage increases and workplace protections. Pa...

2023-07-26 05:55:30 ET Stock futures are hovering at the flatline early Wednesday, as market players await the Fed's interest rate policy decision later today. Here are some of Wednesday's stock gainers and losers in premarket trading: Biggest stock gainers For further details s...

2023-07-25 17:59:25 ET PacWest Bancorp press release ( NASDAQ: PACW ): Q2 Non-GAAP EPS of $0.22 beats by $0.03 . Net interest income of $186.08M (-42.6% Y/Y). All risk-based capital ratios increased from March 31, 2023, with CET1 increasing from 9.21% to 11.16...

SECOND QUARTER 2023 HIGHLIGHTS Net loss available to common stockholders of $207.4 million, or a loss of $1.75 per diluted share as the quarter was impacted by items related to loan sales and restructuring of our Civic subsidiary Adjusted earnings of $36.0 million and adjusted dilut...