Form 10-Q PACWEST BANCORP For: Mar 31
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RBC Capital Comments on PacWest Bancorp (PACW) 10-Q
May 11, 2023 8:42 AM EDTRBC Capital analyst Jon Arfstrom reiterated an Outperform rating and $17.00 price target on PacWest Bancorp (NASDAQ: PACW).
The analyst comments "We remain in a difficult environment for the industry and news travels fast, but the recent disclosures align with the companys stated strategy of optimizing the asset... More
Pacwest Bancorp (PACW) Slumps Over 20% After Filing 10-Q
May 11, 2023 7:08 AM EDT(Updated - May 11, 2023 8:15 AM EDT)
(Updated - May 11, 2023 7:09 AM EDT)
Pacwest Bancorp (NASDAQ: PACW) Slumps Over 20% After Filing 10-Q
More:
On May 1, 2023, First Republic Bank was closed by regulators and immediately sold to J.P. Morgan Chase. This event heightened market and customer fears of additional bank failures, including PacWest. Our stock price declined approximately 41% from $10.15 on April 28, 2023, to $5.96 on May 5, 2023. On the afternoon... More