Regional Bank Stocks Continue to Fluctuate Amid Economic Uncertainty

PacWest Bancorp shares fell 11% in premarket trading, leading other regional bank stocks lower, as the hard-hit sector resumed its decline. Investors have been unnerved by a rash of deposit outflows from banks and increasing concerns about general stability. Despite recent turmoil, some analysts remain positive about the sector, saying the tumbling stock prices have become disconnected from the companies’ fundamentals.