Boom Or Bust? PacWest, Bank Of California Analysts React To Transformational Bank Merger
Benzinga
JULY 26, 2023
PacWest's tangible book value had been improving since widespread banking issues rocked the industry earlier this year. Yet PacWest was considering a potential sale before the turbulence in the banking industry hit and shares were trading in line with industry peers on a price-to-earnings basis, so the merger seems fair, Chiaverini said.
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