— The regional bank's stock popped 15% after the regional bank reported deposit inflows have stabilized, although they were still down in the first quarter. PacWest saw a $1.8 billion increase in deposits from March 20 to April 24. However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.— Shares sank 3.9% despite a beat on earnings and revenue for the first quarter.
However, its aerospace segment saw a decline in revenue thanks to fewer aircraft deliveries. CEO Phebe Novakovic also said the company will incur some period costs as it builds a "considerable" number of Gulfstream G700s to be delivered in the third and fourth quarters.— Shares tanked nearly 25% after its second-quarter revenue forecast came in at $700 million to $750 million, missing estimates of $765.2 million from analysts surveyed by StreetAccount.
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