Western Alliance Bancorp’s stock is up 10% in premarket trades Wednesday after it said its deposits have grown by $2 billion during the second quarter. As of...
Western Alliance Bancorp’s stock WAL is up 10% in premarket trades Wednesday after it said its deposits have grown by $2 billion during the second quarter. As of May 12, the bank said it had about $50 billion in deposits, up from $47.6 billion as of March 31, according to a filing late Tuesday. Western Alliance Bancorp is also nearing the completion of about 50% in sales of the $6 billion of loans reclassified to held-for-sale in the first quarter, as part of its balance sheet repositioning.
6 billion as of March 31, according to a filing late Tuesday. Western Alliance Bancorp is also nearing the completion of about 50% in sales of the $6 billion of loans reclassified to held-for-sale in the first quarter, as part of its balance sheet repositioning. Jefferies analyst Casey Haire reiterated a buy rating on Western Alliance and said the bank’s update reaffirms deposit stability.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Western Alliance’s Deposit Growth Powers Regional Bank RallyShares of US regional banks rallied in premarket trading after Western Alliance Bancorp said deposits grew by more than $2 billion since the quarter’s end, easing worries about the health of US regional lenders.
Read more »
New York Community Bancorp says FDIC will sell shares in Signature Bank’s replacement bankFlagstar Bank parent New York Community Bancorp Inc. on Tuesday said that the FDIC had agreed to sell 39 million shares of the institution that the agency...
Read more »
The top 10 holdings of the Mormon Church's $46 billion stock portfolioThese are the top 10 holdings of the Mormon Church's $46 billion stock portfolio
Read more »
GSI Technology stock falls 10% premarketShares of small cap GSI Technology Inc. a loss-making semiconductor company that has been attracting meme-like attention, fell 10.1% in premarket trades...
Read more »
10 Greatest Sonic the Hedgehog Allies of All TimeSonic the Hedgehog has many awesome allies, but taking both IDW Publishing and Archie Comics canon into account, who is the greatest?
Read more »
We Tested 10 Stand Mixers—Four Stood Out Above the RestWe tested 10 popular stand mixers to find out which ones performed the best and were the easiest to use.
Read more »