PacWest Bancorp Stock News

A raft of credit rating actions against more than two dozen U.S. banks by Moody's Investors Service late Monday didn't shock one buyer of distressed commercial real estate.

Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen o

ASB, BUSE and PACW have been added to the Zacks Rank #5 (Strong Sell) List on August 4, 2023.

D.A. Davidson on Monday upgraded PacWest Bancorp PACW, -1.90% to buy from neutral to bring it up to the same rating as upcoming acquirer, Banc of California BANC, -2.49%, as announced last week. “We

Here are some of the major companies whose stocks moved on the week's news.

JPMorgan is set to buy mortgages worth nearly $2 billion in PacWest's merger deal, per Bloomberg.  The Wall Street bank will buy the single-family residential loans at a discount.

Banc of California Inc.'s proposed agreement to acquire PacWest Bancorp. helped send regional-bank stocks considerably higher on Wednesday.

PacWest Bancorp delivered a Q2 earnings beat Tuesday afternoon, reporting a profit of $0.22 per share. More importantly, though, Banc of California is buying PacWest.

JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California's purchase of PacWest Bancorp , Bloomberg News reported on Wednesday.

PacWest Bancorp (NASDAQ: PACW) opened 30% up today after Bank of California Inc (NYSE: BANC) said it will buy the commercial banking company for $1.10 billion. Details of PacWest-Banc of California me

US regional bank stocks have been heavily shorted since the collapse of Silicon Valley Bank, with PacWest Bancorp being a prime target. However, stabilizing deposits have helped share prices recover.

The deal was bad news for the California bank's shares, until it was less bad.

Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.

PacWest Banc (NASDAQ: PACW ) stock is rising higher on Wednesday after announcing it will combine with Banc of California (NYSE: BANC ). The merger will result in shareholders of PACW stock trading t

In a significant development in the banking sector, Banc of California (NYSE:BANC) and PacWest Bancorp have announced their intention to merge, forming a new entity with assets totalling $36 billion.