Shares of PacWest Bancorp (NASDAQ: PACW) are trading higher amid a rebound after the stock fell over 50% after the bank this week issued an update confirming reports it was
First quarter revenue was $3.74 billion, above the midpoint of guidance.
First quarter GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $0.20, non-GAAP EPS was impacted by higher tax rate.
First quarter GAAP operating income was $158 million and Non-GAAP operating income was $307 million.
Citizens Financial Group (NYSE: CFG) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $0.85 by 34.12 percent. This is a 21.92 percent decrease over earnings of $1.46 per share from the same period last year.