Why Shares of PacWest Bancorp, Customers Bancorp, and Orange County Bancorp Are Rising This Week
Bank stocks rose this week on seemingly good news out of PacWest Bancorp (NASDAQ: PACW) and as the large and super-regional banks breezed through the Federal Reserve's annual stress testing.
Shares of PacWest Bancorp traded roughly 16.5% higher for the week as of 12:46 p.m. ET Thursday, according to data from S&P Global Market Intelligence. Meanwhile, shares of Customers Bancorp (NYSE: CUBI) traded roughly 10.4% higher, while Orange County Bancorp (NASDAQ: OBT) was up 11.4% for the week.
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Source Fool.com