Pacwest (PACW) plunges after saying deposits fell 9.5% during week to May 5

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Pacwest Bancorp (PACW) Halted on Volatility, Down 29%

May 11, 2023 9:33 AM EDT

Pacwest Bancorp (NASDAQ: PACW) Halted on Volatility, Down 29%

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RBC Capital Comments on PacWest Bancorp (PACW) 10-Q

May 11, 2023 8:42 AM EDT

RBC 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