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Why Shares of PacWest Bancorp, Comerica, and KeyCorp Are Rebounding Today

Why Shares of PacWest Bancorp, Comerica, and KeyCorp Are Rebounding Today

After a brutal week for the sector, bank stocks rebounded today despite a hotter-than-expected jobs report. Shares of PacWest Bancorp (NASDAQ: PACW), which has been under intense pressure, had blasted more than 82% higher as of 11:26 a.m. ET today. Meanwhile, shares of Comerica (NYSE: CMA) traded nearly 17% higher, and shares of KeyCorp (NYSE: KEY) were up nearly 11%.