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PacWest, Western Alliance, United Community Banks stocks lose ground in premarket

Clyde Edgerton by Clyde Edgerton
July 19, 2023
in Markets
PacWest, Western Alliance, United Community Banks stocks lose ground in premarket
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PacWest Bancorp
PACW,
+2.35%
is down 0.3% as one of the most active stocks in premarket trades on Wednesday with volume of 164,000 shares, according to the MarketWatch Premarket Screener. PacWest is due to report its second-quarter results on July 25, with analysts currently expecting a loss of 66 cents a share for the bank, according to FactSet data. Western Alliance Bancorp
WAL,
+2.48%
was down 2.7% in premarket trades after the bank fell slightly short of second-quarter earnings projections but said it’s boosted its liquidity. United Community Banks Inc.
UCBI,
-1.86%
moved down by 3.7% after it missed its profit estimate amid rising costs and competition for depositors.



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