PacWest, Regional Bank Stocks Gain
PacWest and other regional banks are starting the week with gains after selling off last week.
Regional bank stocks have been volatile since the banking turmoil that erupted in March.
Tweet on Regional Bank stocks
PacWest and other regional banks are starting the week with gains after selling off last week.#bank #inflation pic.twitter.com/sjGFiYYnCc
— The_Journalbiz (@the_journalbiz) May 15, 2023
Factset chart
PacWest shares have been particularly hard hit, and last week fell 21% after it disclosed that it lost more customer deposits following news reports that it was exploring a potential sale.
In mid-morning trading, PacWest stock was up nearly 6%. Western Alliance was up more than 6% and Zions was up more than 4%.
PacWest Bancorp
PACW (U.S.: Nasdaq)
$4.8860 USD0.33607.3846%
Western Alliance Bancorp.
WAL (U.S.: NYSE)
$31.30 USD3.8313.94%
Zions Bancorp N.A.
ZION (U.S.: Nasdaq)
$24.11 USD1.687.49%
