PacWest's Dividend Cut and Deposit Trends Boost Regional Bank Stocks (NASDAQ:PACW)

PacWest Bancorp's decision to cut its dividend to build capital and the latest bank deposit data have reassured investors, leading to a rally in regional bank stocks. PacWest's stock surged 36% in premarket trading, while Western Alliance Bancorporation rose 11%, Metropolitan Bank Holding gained 10%, Comerica rose 7.2%, and KeyCorp rose 3.5%. Bank and Fed balance sheet data suggest stable to diminishing stress in the banking sector, though there are concerns about the recent resurgence of regional bank stress.