{"id":5962,"date":"2023-05-08T20:27:59","date_gmt":"2023-05-09T00:27:59","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/pacwest-stock-jumps-after-lender-says-its-fundamentally-sound\/"},"modified":"2023-05-08T20:28:00","modified_gmt":"2023-05-09T00:28:00","slug":"pacwest-stock-jumps-after-lender-says-its-fundamentally-sound","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5962","title":{"rendered":"PacWest stock jumps after lender says it&#8217;s &#8216;fundamentally sound&#8217;"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002022827\">\n<div class=\"snippet__body\">\n<p>PacWest Bancorp\u2019s stock rallied Monday after the lender said the business remains \u201cfundamentally sound\u201d and released plans to reduce its dividend to build up capital reserves.<\/p>\n<p>PacWest Bancorp said it would cut its quarterly dividend to a penny a share to stockholders of record as of May 15, payable on May 31.  In the previous quarter, PacWest paid a dividend of 25 cents a share. <\/p>\n<p>PacWest&#8230;\n    <\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/pacwest-shares-jump-12-in-premarket-after-lender-says-its-cutting-dividend-a25ec705?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PacWest Bancorp\u2019s stock rallied Monday after the lender said the business remains \u201cfundamentally sound\u201d and released plans to reduce its dividend to build up capital reserves. PacWest Bancorp said it would cut its quarterly dividend to a penny a share to stockholders of record as of May 15, payable on May 31. In the previous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-5962","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PacWest stock jumps after lender says it&#039;s &#039;fundamentally sound&#039; | iFintechWorld<\/title>\n<meta name=\"description\" content=\"PacWest Bancorp\u2019s stock rallied Monday after the lender said the business remains \u201cfundamentally sound\u201d and released plans to reduce its dividend to build\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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