PacWest Bancorp shares are trading lower amid weakness in financials after S&P downgraded multiple US banks.
Portfolio Pulse from Benzinga Newsdesk
PacWest Bancorp's shares are trading lower due to a general weakness in the financial sector following S&P's downgrade of multiple US banks.
August 22, 2023 | 5:07 pm
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PacWest Bancorp's shares are trading lower due to S&P's downgrade of multiple US banks, indicating a weakness in the financial sector.
PacWest Bancorp's shares are trading lower, which is likely a direct result of the S&P's downgrade of multiple US banks. This downgrade indicates a general weakness in the financial sector, which negatively impacts banks like PacWest Bancorp.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100