Stock Market Today: S&P 500 Wavers With Debt Ceiling in Focus

PacWest and other regional bank stocks are gaining

Last Updated:

May. 15, 2023 at 2:12 PM EDT

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Updated 30 min ago

PacWest, Regional Bank Stocks Gain

Candice Choi

PacWest and other regional banks are starting the week with gains after selling off last week.

Regional bank stocks have been volatile since the banking turmoil that erupted in March.

PacWest shares have been particularly hard hit, and last week fell 21% after it disclosed that it lost more customer deposits following news reports that it was exploring a potential sale.

PacWest Bancorp

PACW (U.S.: Nasdaq)

Western Alliance Bancorp.

WAL (U.S.: NYSE)

Zions Bancorp N.A.

ZION (U.S.: Nasdaq)