"PacWest Bank's Dividend Cut Sparks Regional Bank Rally"
TL;DR
Despite cutting its dividend, PacWest Bancorp's stock rose by 80% on Friday, leading a rally in the regional bank sector. The rally continued on Monday, with PacWest and other regional bank stocks climbing, as investors looked to capitalize on the rebound.
- PacWest Bank News: Stock Jumps After Dividend Cut Barron's
- Regional bank rebound stalls on Monday as PacWest gives back much of its early trading gains CNBC
- PacWest Bancorp stock rises, leads regional bank rally Yahoo Finance
- Regional US banks rebound for a second day as PacWest cuts dividend, says business ‘fundamentally sound’ Forex Factory
- Is short selling a symptom of a bigger problem for regional banks? American Banker
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