PacWest, Western Alliance, Bank of Hawaii stocks fall in premarket
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Dow Jones
Regional-bank stocks fell in premarket trades on Thursday after PacWest Bancorp (PACW)disclosed a 9.5% drop in deposits that took place last week. PacWest stock is leading the group into the red, with a drop of 20%, followed by a 7.2% loss by Western Alliance Bancorp (WAL), a 3.7% loss by First Horizon Corp. (FHN), a 3.3% drop by Bank of Hawaii Corp. (BOH) and a loss of 2.9% by Webster Financial Corp. (WBS).
-Steve Gelsi
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05-11-23 0841ET
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