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Fly News Breaks for January 19, 2018
PACW
Jan 19, 2018 | 09:19 EDT
BMO Capital analyst Lana Chan raised her price target on PacWest Bancorp to $56 after Q4 earnings, attributing the miss to the sale of its loan portfolio assets and the write-down of VC loans. Chan contends however that the bank's core trends improved amid an annualized organic loan growth of 17%, as well as better than expected net interest margins and operating expenses. The analyst keeps her Market Perform rating on PacWest Bancorp.
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