PacWest Bancorp shares are trading higher on continued upward momentum after the company announced it entered into a loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings to sell a portfolio of 74 real estate construction loans.
Portfolio Pulse from Benzinga Newsdesk
PacWest Bancorp's shares are trading higher after announcing a loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings to sell a portfolio of 74 real estate construction loans.
May 23, 2023 | 3:14 pm
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POSITIVE IMPACT
Kennedy-Wilson Holdings' subsidiary entered into a loan purchase and sale agreement with PacWest Bancorp, potentially benefiting from the acquisition of 74 real estate construction loans.
The loan purchase and sale agreement with PacWest Bancorp allows Kennedy-Wilson Holdings' subsidiary to acquire a portfolio of 74 real estate construction loans. This acquisition could potentially generate revenue and growth for the company, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PacWest Bancorp's stock price is trading higher due to the loan purchase and sale agreement with a Kennedy-Wilson Holdings subsidiary.
The loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings is a positive development for PacWest Bancorp, as it indicates a successful deal and potential revenue generation. This news has led to an increase in the stock price, reflecting investor optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100