Top-Rated PacWest Bancorp Stock Near Buy Point With Earnings Due – Investor's Business Daily

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PacWest Bancorp (PACW) is forming a base showing a 50.52 buy point as it gets ready to report its next round of earnings on Jan. 19. The chart pattern is a second-stage consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”


Be aware that buying just before a stock reports is risky, since disappointing numbers could send it sharply lower. You can reduce your risk by waiting to see how the company reports and how the market reacts.

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Earnings growth declined in the most recent report from 443% to 208%. But revenue moved higher, from 3% to 12%.

Analysts expect earnings growth of 2% for the quarter, and a 150% gain for the full year.

PacWest Bancorp stock has a 94 Composite Rating and earns the No. 12 rank among its peers in the Banks-West/Southwest industry group. Western Alliance Bancorp (WAL), PCB Bancorp (PCB) and Finwise Bancorp (FINW) are among the top 5 highly rated stocks within the group. For more industry news, check out “Banks And Financial Stocks News And Analysis.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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