Shares of regional bank stocks are trading higher after Banc of California and PacWest announced a merger agreement.
Portfolio Pulse from Benzinga Newsdesk
Banc of California and PacWest have announced a merger agreement, leading to a rise in regional bank stocks.
July 25, 2023 | 9:05 pm
News sentiment analysis
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NEUTRAL IMPACT
Bank of Hawaii Corporation's stock may be indirectly affected by the Banc of California and PacWest merger.
While BOH is not directly involved in the merger, it operates in the same sector and could be influenced by the overall market sentiment.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
First Citizens BancShares may experience indirect impact from the Banc of California and PacWest merger.
FCNCA, being a regional bank, could see its stock price affected by the overall market sentiment following the merger announcement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Huntington Bancshares Incorporated may see indirect effects on its stock due to the Banc of California and PacWest merger.
HBAN, as a regional bank, could be influenced by the overall market sentiment following the merger announcement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
KeyCorp's stock may be indirectly affected by the Banc of California and PacWest merger.
While KEY is not directly involved in the merger, it operates in the same sector and could be influenced by the overall market sentiment.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Western Alliance Bancorporation may experience indirect impact from the Banc of California and PacWest merger.
WAL, being a regional bank, could see its stock price affected by the overall market sentiment following the merger announcement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Zions Bancorporation may see indirect effects on its stock due to the Banc of California and PacWest merger.
ZION, as a regional bank, could be influenced by the overall market sentiment following the merger announcement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50