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Will PacWest $PACW-2.7% (-80% YTD) be the next bank to fail soon?
The announcement that the bank's deposits are plummeting is behind today's another sharp decline. However, PacWest is trying to reassure the public that it is looking for ways to improve liquidity.
As a result, the bank still said it has $15 billion in immediate liquidity, well above its $5.2 billion in total...
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The numbers aren't that bad, I'd be more worried about a run on the bank and people starting to withdraw their money.
$PACW-2.7% what can I say one minute it looks like a crash and suddenly the stock is 81%
PacWest Bancorp
PACWOpen $7.92
Day range $7.46 - $8.00
52 week range $2.48 - $30.07
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Just the last breath before the final exhale. Percentages for the day are nice, but I don't want anything to do with this.
Either he must be doing very well or not at all :D but judging by the latest results, he's probably doing rather well :)