'Banc of California Is Selling $2 Billion of Residential Loans' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Banc of California is selling $2 billion of residential loans, which were acquired after rescuing PacWest. Morgan Stanley is overseeing the sale of these business-purpose loans.
July 05, 2024 | 5:43 pm
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POSITIVE IMPACT
Banc of California is selling $2 billion of residential loans, which were acquired after rescuing PacWest. This move could improve liquidity and balance sheet strength.
Selling $2 billion of residential loans will likely improve Banc of California's liquidity and balance sheet, which is positive for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley is overseeing the sale of $2 billion of residential loans for Banc of California. This could generate advisory fees and strengthen its position in the financial advisory market.
Morgan Stanley's role in overseeing the sale could generate advisory fees and enhance its reputation in the financial advisory market, which is positive for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50