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PacWest, Western Alliance, Bank of Hawaii stocks fall in premarket

Clyde Edgerton by Clyde Edgerton
May 11, 2023
in Markets
PacWest, Western Alliance, Bank of Hawaii stocks fall in premarket
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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.

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