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Why PacWest Bancorp Stock Surged 26.4% in June

TheMotleyFool

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Why PacWest Bancorp Stock Surged 26.4% in June: https://g.foolcdn.com/editorial/images/738916/person-looking-at-data-on-a-laptop.jpg

PacWest Bancorp (NASDAQ: PACW) made a bit of a rebound in June with a 26.4% gain, according to S&P Global Market Intelligence. However, PacWest is still down by about 65% year to date, trading at just over $8 per share as of July 7.

June was a good month for the market overall, as the S 500 jumped 6.5%, the Dow Jones Industrial Average gained 4.6%, and the Nasdaq Composite surged 6.6%.

Source Fool.com