the company cited events which followed JPMorgan's acquisition of troubled First Republic Bank.
"This event heightened market and customer fears of additional bank failures, including PacWest. Our stock price declined approximately 41% from $10.15 on April 28, 2023, to $5.96 on May 5, 2023. On the afternoon of May 3, 2023, PacWest was featured prominently in the financial news headlines with reports that PacWest was"exploring all of its options and having talks with potential investors and partners".
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News: CPI inflation data, debt ceiling looms, Disney on tapInflation rose less than expected in April, talks over the debt ceiling will resume on Friday as the deadline looms, bank stocks stabilize and Disney earnings on deck as the media giant dukes its out with Gov. DeSantis. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Tesla stock resumes rally, as Rivian’s results and broader stock market rally provide supportShares of Tesla Inc. rallied 3.0% toward a three-week high in morning trading Wednesday, as better-than-expected results from fellow electric vehicle maker...
Source: MarketWatch - 🏆 3. / 97 Read more »