{"id":3806,"date":"2023-05-03T17:15:24","date_gmt":"2023-05-03T21:15:24","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/pacwest-western-alliance-and-other-regional-bank-stocks-bounce-back\/"},"modified":"2023-05-03T17:15:25","modified_gmt":"2023-05-03T21:15:25","slug":"pacwest-western-alliance-and-other-regional-bank-stocks-bounce-back","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3806","title":{"rendered":"PacWest, Western Alliance, and Other Regional Bank Stocks Bounce Back"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Regional bank stocks bounced back on Wednesday after plunging on Tuesday.<\/p>\n

Concerns about the health of banks are lingering after First Republic\u2019s assets were snapped up by JPMorgan Chase over the weekend. Another Federal Reserve interest-rate increase, which may be delivered Wednesday, as well as the prospect of recession, have clouded the outlook.<\/p>\n

\n

Commercial property loans, in which some regional banks specialize, may be a particular worry.
\n Berkshire Hathaway
\n Vice Chairman Charlie Munger said earlier this week that banks are full of bad loans and there are tough times to come as property prices fall.\u00a0<\/p>\n

On Wednesday, shares of Beverly Hills-based
\n PacWest Bancorp
\n (ticker: PACW) rose 8.1% after closing down 28% at $6.50 on Tuesday.
\n Western Alliance Bancorp
\n (WAL) advanced 4.3% after a 15% drop.
\n Comerica
\n (CMA) gained 1.9% after sliding 12% on Tuesday. The stocks had all fallen in the premarket.<\/p>\n

\u201cWorries have ratcheted up again that a maelstrom of problems are lurking within regional banks and that there could be another breakage as interest rates are set to be hiked again,\u201d said Susannah Streeter, head of money and markets at
\n Hargreaves Lansdown.<\/span>
\n \u201cThere was hardly a pause for breath after the
\n JPMorgan
\n takeover of
\n First Republic Bank.<\/span>
\n \u201d<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Regional bank stocks bounced back on Wednesday after plunging on Tuesday. Concerns about the health of banks are lingering after First Republic\u2019s assets were snapped up by JPMorgan Chase over the weekend. Another Federal Reserve interest-rate increase, which may be delivered Wednesday, as well as the prospect of recession, have clouded the outlook. Commercial property […]<\/p>\n","protected":false},"author":1,"featured_media":3807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-3806","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nPacWest, Western Alliance, and Other Regional Bank Stocks Bounce Back | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Regional bank stocks bounced back on Wednesday after plunging on Tuesday. 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