: PacWest stock drops as it reports decline in deposits in early May

May 11, 2023

PacWest Bancorp shares dropped 21% in premarket trades on Thursday after the bank said it lost 9.5% of deposits during the week ended May 5 amid market volatility.

The bank PACW said its deposits were affected on the heels of First Republic’s government-brokered sale to JPMorgan Chase & Co. JPM, which was announced on May 1.

“This event…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…