bluejayphoto Banc of California (NYSE:BANC) makes an attractive valuable position for bank investors as shares provide an attractive 3% dividend yield and the regional lender keeps selling for an attractive discount to its long term average P/B ratio. Banc of California owns a well-performing core loan portfolio with a very strong asset quality profile and…
bjdlzx California Resources (NYSE:CRC) announced a merger with Aera Energy. This merger was possible because California Resources kept the debt low. Therefore, acquiring a higher debt company like Aera was not going to be a traumatic experience for shareholders. Combining the two companies should produce some cost savings through a larger company rather than two…
Berkshire Hathaway acknowledged the notable contribution and announced that Charlie’s family would handle all the affairs pursuant to his instructions. Titan investor and billionaire Charlie Munger has died at the age of 99 according to an official report from Berkshire Hathaway Inc Cl B (NYSE: BRK.B) on Tuesday. The famed businessman, who was the vice chairman…
Governor Newsom’s endorsement of the crypto regulation bill represents a significant departure from his previous stance. California’s crypto industry is bracing for significant changes as Governor Gavin Newsom signs off on a groundbreaking regulatory bill expected to revamp the state’s digital asset landscape. The newly approved bill, the Digital Financial Assets Law, is slated to…
Out of the 1,258 job cuts, more than 750 positions are from different levels of Qualcomm’s engineering ranks. The rest of the reductions cover a broad range of roles such as internal technical staff and accounting. American largest chipmaker Qualcomm Inc (NASDAQ: QCOM) will lay off about 1258 employees in its California unit. According to…
In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the bitcoin and broader crypto industry, transcending California’s borders to influence future regulatory paths across other states…
Kalra expressed deep concern about the unauthorized use of AI to create digital replicas of actors and artists. California legislator Ash Kalra has introduced Assembly Bill 459 (AB 459) with the primary aim of safeguarding actors, artists, and entertainers within the entertainment industry from potential artificial intelligence (AI) risks, particularly generative AI. The bill’s central…
tillsonburg/iStock via Getty Images While going through the performance of one of my smaller portfolio diversifiers, the KraneShares Global Carbon ETF (KRBN), I noticed that the KraneShares California Carbon Allowance ETF (NYSEARCA:KCCA), a sub-component of KRBN, had been performing much better than KRBN (Figure 1). Figure 1 – KCCA had been outperforming KBRN (Seeking Alpha)…
Banc of California, Inc. (NYSE:BANC) Q2 2023 Earnings Call Transcript July 26, 2023 12:00 PM ET Company Participants Jared Wolff – President and Chief Executive Officer Joseph Kauder – Chief Financial Officer Paul Taylor – President and Chief Executive Officer of PacWest Kevin Thompson – EVP, Chief Financial Officer of PacWest Conference Call Participants Matthew…
Gajus The Merger Deal On July 25, PacWest Bancorp (NASDAQ:PACW) and Banc of California, Inc. (NYSE:BANC) announced their merger in an all-stock transaction. This article starts with a background prior to the merger deal, unpacks key transaction terms, assesses both the tactical and strategic merits of the deal, helps readers to understand each player’s point…