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StockNews.com
StockNews.com
Business
Dipanjan Banchur

No. 1 Bank Stock to Short This Week

The banking sector has faced several headwinds since March, and the problems look far from subsiding. Despite assurances by the financial regulators, concerns over the banking system's stability remain.

The lack of investors’ confidence in banking stocks after the bank failures has led to a broad-based selloff in the regional banking industry. PacWest Bancorp (PACW) has also seen its stock price plummet after the bank confirmed that it was weighing various strategic options, including a sale. Amid the uncertainty surrounding PACW, shorting the stock now could be wise.

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