With a few exceptions like U.S. Bancorp (NYSE:USB) and Wells Fargo (NYSE:WFC), this hasn't been a stellar year for commercial banks. The KBW Regional Banking ETF (NYSEARCA:KRE) is down about 4% year-to-date and Wilshire Bancorp (NASDAQ:WIBC) has lagged that by another 8%, performing a little worse than other California-based banks like CVB Financial (NASDAQ:CVBF) and PacWest (NASDAQ:PACW).
Wilshire continues to post good loan origination numbers, but operating
expenses have been running high and it may take higher rates to get
investors interested in banks like Wilshire again.
Read more here:
Wilshire Bancorp Lagging Despite Strong Loan Originations
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