Streetbeat News

PACW

Pacwest Bancorp

http://www.pacwestbancorp.com/

CEO

Matthew Wagner

Employees

Industry

Commercial Banking

pacwest bancorp is a banking company located in 10250 constellation blvd, suite 1640, los angeles, ca, united states.

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Banc of California has received final regulatory approval for its merger with PacWest Bancorp. The merger is expected to close before the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:15 pm

Wells Fargo analyst Timur Braziler has downgraded four banks to Equal Weight from Overweight, citing interest rate pressures and credit risks. The banks are Associated Banc-Corp (ASB), Banc Of California (BANC), First Interstate BancSystem (FIBK), and First Horizon Corp (FHN). Braziler's top picks include F N B Corp (FNB), Western Alliance Bancorp (WAL), East West Bancorp Inc (EWBC), and Pinnacle Financial Partners Inc (PNFP).

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:30 pm

Wells Fargo has maintained its Equal-Weight rating for PacWest Banc (NASDAQ:PACW) but lowered its price target from $13.50 to $9.00. PacWest Banc's shares are currently trading up 0.84% at $7.45 per share. A move to $9.00 would represent a 20.77% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 5:00 pm

Wells Fargo analyst Steven Shaw has maintained an Equal-Weight rating on PacWest Banc (NASDAQ:PACW) and lowered the price target from $13.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:11 pm

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', gave his opinions on several stocks. He praised Energy Transfer LP (ET) and Kratos Defense & Security Solutions, Inc. (KTOS), and noted that Palantir Technologies Inc. (PLTR) had a good quarter and lived up to its hype, with its shares up over 148% in 2023. He recommended Costco (COST) over Perrigo Company plc (PRGO). He criticized Robinhood Markets, Inc. (HOOD) for not being profitable and advised against investing in PacWest Bancorp (PACW), whose stock is down more than 66% year-to-date.

Portfolio Pulse from Priya Nigam

October 03, 2023 | 12:23 pm

Truist Securities analyst Brandon King has maintained a 'Hold' rating on PacWest Banc (NASDAQ:PACW) and lowered the price target from $10 to $8.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:47 pm

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.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 5:07 pm

PacWest Bancorp's (NASDAQ:PACW) shares are trading lower by 3.43% due to a downgrade of several regional banks by S&P Global Ratings. This downgrade could indicate challenges within the broader regional banking sector, potentially leading to financial instability or economic uncertainty. The Federal Reserve’s tight grip on monetary policy is straining the funding, liquidity, and revenue of many U.S. banks.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 5:06 pm

The Dow Jones broke a 13-day winning streak, but ended the week up 0.65%. The Fed raised interest rates to 5.25%-5.5%, the highest level since 2001. Big Tech companies released earnings, with Microsoft (MSFT) shares falling due to slowed Azure growth, Alphabet (GOOG) shares rising after beating revenue estimates, Meta (META) shares increasing after beating earnings estimates, and Intel (INTC) shares climbing despite a revenue drop. Banc of California (BANC) announced a merger with PacWest Bancorp (PACW), causing its shares to soar. Bank of America (BAC) and JP Morgan Chase (JPM) shares slid after a proposal to raise capital requirements for big banks.

Portfolio Pulse from Natan Ponieman

July 28, 2023 | 8:06 pm

US regulators have proposed that large banks increase their capital levels by an average of 16% to safeguard against potential future crises. This will primarily impact the largest banks, many of which already have sufficient capital to comply with these new rules. The Financial Select Sector SPDR Fund (NYSE:XLF) fell as much as 2.2% following the news. The new rules will also apply to institutions with as little as $100 billion in assets, affecting roughly 30 banks. The eight largest banks, including JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC), will see capital requirements rise by 19% on average.

Portfolio Pulse from Piero Cingari

July 27, 2023 | 7:42 pm

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