News Formal

PacWest leads losses in regional bank stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

PacWest Bancorp shares led declines in U.S. regional lenders on Tuesday, as the demise of three banks in less than two months heightened investor fears that the ongoing crisis could deepen.

, which have been at the heart of the sell-off in regional banks, saw the steepest drop in deposits in the first quarter after First Republic, according to S&P Global Market Intelligence data.

His outlook on regional banks is neutral as deflated valuations, relatively strong capital levels, and resilient credit quality are countered by fears of deposit outflow, slowing loan growth and big exposure to struggling office real estate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PacWest stock price soars as lender says business is 'sound'PacWest climbs 30% to lead a rebound in regional bank stocks after the lender says its business is 'fundamentally sound'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Regional banks rebound for a second day as PacWest cuts dividend, says business 'fundamentally sound'PacWest Bankcorp led a relief rally in regional banks on Monday, after the struggling lender slashed dividend to build capital amid the banking crisis.
Source: CNBC - 🏆 12. / 72 Read more »