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Posted by
Two Blokes Jul 17 -
Filed in
Stock
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3 views
I am downgrading Banc of California to 'hold' due to underperformance, high valuation, and mediocre asset quality despite post-merger improvements. While recent earnings and net interest margin have improved, the price-to-earnings ratio remains too high for my comfort compared to peers. Asset quality and profitability metrics lag behind industry targets, with return on assets and equity below my preferred thresholds.
