*REGIONAL BANKS EXTEND RALLY AS PACWEST JUMPS AFTER SLASHING QUARTERLY DIVIDEND $PACW
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Pacwest Bancorp Declares $0.01 Quarterly Dividend; 0.7% Yield By Investing.com*PACWEST BANCORP SLASHES QUARTERLY DIVIDEND BY 95% TO $0.01, CITING BANK TURMOIL $PACW
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Regional banks rebound for a second day as PacWest cuts dividend, says business 'fundamentally sound'PacWest Bankcorp led a relief rally in regional banks on Monday, after the struggling lender slashed dividend to build capital amid the banking crisis.
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PacWest’s shares surge after dividend cut to lead rebound in regional banksPacWest Bancorp led a relief rally across regional banks on Monday, when shares were up 21% just after the opening bell. Late Friday, the bank’s dividends were cut to just one penny per share…
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U.S. stocks limp higher at open as regional-bank shares recoverU.S. stocks opened marginally higher on Monday as investors focused on a recovery in stocks of regional lenders including PacWest and other hard-hit names. The Dow Jones Industrial Average was essentially flat at 33,666:
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PacWest leads regional bank rally. Berkshire Hathaway, Dish, AMC and other stocks on the move.PacWest leads regional bank rally, Berkshire Hathaway, Dish, AMC and other stocks on the move
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PacWest shares jump 12% in premarket after lender says it’s cutting dividendPacWest Bancorp shares rose 12% in premarket trade after the embattled lender late Friday said it was reducing its dividend. “Given current economic...
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