WAL News and Press, Western Alliance Bancorporation From 03/17/23

2023-03-17 12:00:51 ET Gainers: Oportun Financial ( OPRT ) +17% . HIVE Blockchain Technologies ( HIVE ) +8% . Bit Digital ( BTBT ) +8% . Coinbase Global ( COIN ) +7% . Hut 8 Mining ( HUT ) +7% . Losers: First Repu...

2023-03-17 10:57:09 ET Regional banks resumed their sell-off this morning as turbulent trading in the sector continued after the collapse of three banks last week. Shares of First Republic (NYSE: FRC) traded nearly 21% lower at 10:27 a.m. ET. Meanwhile, shares of Western Allia...

2023-03-17 06:39:01 ET Summary Western Alliance Bancorporation is a regional bank based in Phoenix, Arizona. Given WAL's recent collapse in share price, we have seen Citadel Advisors swoon in and make a large common equity purchase. The situation is very much muddled at the mo...

2023-03-16 11:52:57 ET Regional banks bounced around today after First Republic recently announced it is weighing its options. Additionally, investors are likely worried about the potential for an upcoming interest rate hike at the Federal Reserve's next meeting. Shares of KeyCorp...

2023-03-16 09:10:41 ET Esperion Therapeutics ESPR -58% in dustup with Daiichi Sankyo over milestone payments . LivePerson LPSN -38% on Q4 earnings release . Virgin Orbit VORB -37% on reports it's pausing operations as it seeks funding . First Republ...

2023-03-16 07:39:23 ET Based on current market conditions creating liquidity stresses outside the baseline assumptions, Fitch ratings placed Western Alliance Bancorporation ( NYSE: WAL ) and Western Alliance Bank's  'BBB+' Long-Term Issuer Default Rating and as...

2023-03-15 16:32:01 ET Summary SI, SIVB, and SBNY have failed over the last week. Some other banks are struggling. Bank stocks have been sold off indiscriminately. Some banks could benefit from the current environment in the long run. Thanks to low valuations, they seem attrac...

2023-03-15 12:52:31 ET Crowning Western Alliance Bancorp ( WAL ) as its top buy (price target of $15) among 19 mid-cap banks that UBS initiated coverage on Wednesday, analysts believe that these regional banks are in "no man's land", with funding and credit concerns in focus, and ...

2023-03-15 12:43:30 ET UBS on Wednesday launched coverage of 19 mid-cap banks in the U.S. with a "relatively cautious" view, given macroeconomic and interest rate uncertainty. Funding and credit will likely be negatively hit in a higher-for-longer environment. "We think consen...

2023-03-15 12:00:16 ET Gainers: Opendoor Technologies ( OPEN ) +14% . Metropolitan Bank Holding ( MCB ) +11% . Western Alliance Bancorporation ( WAL ) +8% . Silvergate Capital ( SI ) +9% . Netcapital ( NCPL ) +7% . ...