Banc of California is in trouble

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Here are the key points:

  1. Q2 Earnings: Banc of California reported Q2 earnings of $0.10 per share, missing the estimated $0.19 per share.
  2. Year-Over-Year Comparison: Last year, the earnings were $0.32 per share, indicating a significant drop.
  3. Earnings Decline: The earnings have indeed crashed by 47.37%.
  4. Consistent Misses: The bank has failed to meet EPS estimates for the last four quarters.
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Additionally, the stock price has been volatile, reflecting these financial challenges.

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