PacWest Bancorp slumps after surprise Q3 loss

PacWest Bancorp

24/10/2023 17:41

** Shares of PacWest Bancorp  PACW.O  slump 10.48% to $6.53
in early afternoon trading
    ** Co on Wednesday reports Q3 adjusted loss of 31 cents per
share 
    ** Analysts on average expected a profit of 6 cents/shr -
LSEG
    ** Pending merger with Banc of California Inc is on track
with all regulatory approvals received and is expected to close
on or about Nov. 30 - Co
    ** YTD, PACW shares are down about 71.6%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))