PacWest is among the leading gainers in pre-market on Q1 results

PacWest Bancorp stock PACW is up 13.5% as the top gainer in premarket trades, according to the MarketWatch Premarket Screener, after the bank posted first-quarter results. Raymond James analysts said PacWest’s stronger-than-expected first-quarter operating earnings of 66 cents a share beat the consensus estimate of 61 cents a share.

5% as the top gainer in premarket trades, according to the MarketWatch Premarket Screener, after the bank posted first-quarter results. Raymond James analysts said PacWest’s stronger-than-expected first-quarter operating earnings of 66 cents a share beat the consensus estimate of 61 cents a share. “The beat was driven by higher fee income, lower operating expenses, and a lower provision expense, partially offset by lower net interest income,” Raymond James analysts said.

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