Inactive Instrument

Banc of California, Inc. Nasdaq

PACW

US6952631033

Financials Up As Regional-Bank Recovery Continues -- Financials Roundup

May 19, 2023 at 03:11 am IST

Shares of banks and other financial institutions ticked up as a recovery in regional-bank shares continued.

"Some of the fears on the banking crisis, and the contagion there, perhaps, have come down a little bit," said JJ Kinahan, chief executive of IG North America, and president of its brokerage tastytrade.

Shares of troubled Beverly Hills lender PacWest Bancorp ticked up, adding to recent gains even after credit-ratings agency Fitch Ratings cut its rating on the company's debt.

Storied real-estate investor Sam Zell, who made a fortune buying distressed commercial properties, died at the age of 81, The Wall Street Journal reported.

Investment firm Apollo Global Management and senior executives at distressed-debt specialist Fortress Investment Group are each backing competing groups that aim to restart cryptocurrency lender Celsius Network under new management.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-18-23 1740ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	APOLLO GLOBAL MANAGEMENT, INC.	112.1 USD	-0.12%	+2.38%	63.76B
	CELSIUS NETWORK (CEL/USD)	0.1859 USD	-79.71%	+186.10%	-

Latest news about Banc of California, Inc.

Truist Trims Price Target on Banc of California to $15 From $16, Keeps Hold Rating	25/04	MT
Barclays Adjusts Banc of California Price Target to $15 From $16, Maintains Equal Weight Rating	24/04	MT
Wedbush Trims Price Target on Banc of California to $15 From $16, Keeps Neutral Rating	24/04	MT
Transcript : Banc of California, Inc., Q1 2024 Earnings Call, Apr 23, 2024	23/04
Banc of California's Q1 Adjusted Earnings, Revenue Decline --Shares Advance Pre-Bell	23/04	MT
Earnings Flash (BANC) BANC OF CALIFORNIA Reports Q1 Revenue $273M, vs. Street Est of $291.6M	23/04	MT
Earnings Flash (BANC) BANC OF CALIFORNIA Posts Q1 EPS $0.19, vs. Street Est of $0.25	23/04	MT
Banc of California, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	23/04	CI
Banc of California, Inc. Reports Net Charge Off for the First Quarter Ended March 31, 2024	23/04	CI
North American Morning Briefing : Tech in Focus on -2-	25/03	DJ
Keefe, Bruyette & Woods Upgrades Banc of California to Outperform From Market Perform, Adjusts Price Target to $18 From $16	22/03	MT
Banc of California, Inc.(NYSE:BANC) added to S&P Banks Select Industry Index	18/03	CI
Barclays Initiates Banc of California With Equalweight Rating, Price Target is $16	08/03	MT
Banc Of California Insider Bought Shares Worth $430,662, According to a Recent SEC Filing	02/03	MT
Banc of California, Inc. Appoints Michael David as Executive Vice President for Technology Banking-West	26/02	CI
Banc of California Keeps Quarterly Cash Dividend at $0.10 a Share, Payable April 1 to Holders of Record as of March 15	09/02	MT
Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on April 1, 2024	09/02	CI
Truist Securities Raises Banc of California Price Target to $16 From $13, Maintains Hold Rating	30/01	MT
Wedbush Raises Banc of California's PT to $16 From $14, Notes 'Messy' Q4 2023 Results But 'Solid' Full-Year 2024 Guidance; Keeps Neutral Rating	26/01	MT
Transcript : Banc of California, Inc., Q4 2023 Earnings Call, Jan 25, 2024	25/01
Banc of California Reports Q4 Loss, No Revenue	25/01	MT
Banc of California, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	25/01	CI
Banc of California, Inc. Reports Net Charge-Offs for the Quarter Ended December 31, 2023	25/01	CI
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	25/01	DJ
Banc of California, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	25/01	CI

Chart Banc of California, Inc.

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Company Profile

Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.

Sector

Banks

Calendar

25/07/2024 - Q2 2024 Earnings Release (Projected)

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