News Formal

PacWest lifts bank stocks as it raises more cash from loan sale

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Colombia Noticias Noticias

Truist analyst says PacWest's deal to sell its loan portfolio is a sign that other banks could also raise cash to strengthen balance sheets

A fresh cash infusion from the sale of loans by hard-hit bank stock PacWest Bancorp lifted the financial sector on Monday.

Truist analyst Brandon... A fresh cash infusion from the sale of loans by hard-hit bank stock PacWest Bancorp lifted the financial sector on Monday. PacWest stock is up 4.4%, while the KBW Nasdaq Bank Index BKX is ahead by 0.6%, the SPDR S&P Bank exchange-traded fund KBE is up by 1.2%, the Financial Select SPDR ETF XLF is down 0.2% as some larger bank stocks moved down, and the SPDR S&P Regional Banking ETF KRE is up by 1.5%.

Metropolitan Bank Holding Corp. MCB is up by 4.4%, Prosperity Bancshares Inc. PB is up by 1.5%, Citizens Financial Group Inc. CFG is ahead by 0.8% and Western Alliance Bancorp. WAL is up by 3.5%.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks making the biggest premarket moves: Tesla, Moderna, Alphabet, PacWest and moreThese are the stocks posting the largest moves in the premarket.
Fuente: CNBC - 🏆 12. / 72 Leer más »