Regional Bank Stocks Rally Despite PacWest's Dividend Cut
TL;DR
Despite recent drops in stock prices and high yields, regional banks such as PacWest, Zions, and KeyCorp are expected to maintain stable dividend prospects. PacWest's stock dropped following reports of possible strategic options, including a sale.
- PacWest Slashed Its Dividend. Other Regional Bank Payouts Look More Secure. Barron's
- PacWest Shares Surge After Slashing Dividend Bloomberg Television
- Regional bank rebound stalls on Monday as PacWest gives back much of its early trading gains CNBC
- PacWest, regional bank stocks hinting at rally amid banking uncertainties Yahoo Finance
- US banks dropping like flies, threat to economy Press TV
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