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Banc of California (NYSE:BANC) reported quarterly losses of $(1.61) per share which missed the analyst consensus estimate of $0.39 by 512.82 percent. This is a 619.35 percent decrease over earnings of $0.31 per share
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Citrini Research predicts a Treasury twist in the market, with banks replacing the Fed as buyers of government debt, leading to a potential short squeeze on 30-year bonds.
Read original at benzingaBarclays analyst Jared Shaw maintains Banc of California (NYSE:BANC) with a Overweight and lowers the price target from $23 to $22.
Read original at benzingaCitigroup analyst Benjamin Gerlinger maintains Banc of California (NYSE:BANC) with a Buy and lowers the price target from $23.5 to $22.
Read original at benzinga