Markets

PacWest Bancorp Down 53%

March 13, 2023 — 10:58 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - PacWest Bancorp (PACW) shares are declining more than 53 percent on Monday morning in line with the general trend of the market. SVB Financial Group's collapse and the resultant imbroglio in the banking sector in the U.S. dragged down many banking stocks.

Currently, shares are at $5.26, down 57.45 percent from $12.35 on a volume of 20,955,387.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source->

Stocks mentioned

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

  • •

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.