WAL News and Press, Western Alliance Bancorporation From 04/04/23

Western Alliance Bancorporation (NYSE: WAL) announced today that it plans to release its first quarter 2023 financial results after the market closes on Tuesday, April 18, 2023. Kenneth A. Vecchione, President and CEO and Dale Gibbons, Vice Chairman and CFO will host a conference call at 12:00 p....

2023-04-01 14:41:00 ET Short sellers gained $14.3B in unrealized profit from betting against stocks within the global banking sector in March, a tumultuous month marked by three regional bank failures that sparked contagion fears, according to a recent report from analytics firm S3 Part...

Stock futures rose Thursday, building on the sharp gains from the previous session, as traders bet the regional banking crisis has stabilized. Futures for the Dow Jones Industrials took flight 198 points, or 0.6%, to begin Thursday at 33,101. Futures for the S&P 500 surged 22.75 point...

2023-03-27 18:38:16 ET Wall Street finished Monday with a mixed performance, although the S&P 500 had enough momentum to score its third consecutive day of gains and its fifth higher finish in the past six sessions. The Dow closed higher as well, rising by nearly 200 points, while the N...

2023-03-27 08:52:49 ET First Citizens BancShares ( FCNCA ) +39% deal for First Citizens to buy Silicon Valley Bank. First Republic Bank ( FRC ) +24% inks deal for First Citizens to buy Silicon Valley Bank. Baudax  ( BXRX ) +26% Announces Posi...

2023-03-24 13:03:05 ET This week's Federal Reserve balance sheet data implies that liquidity stress remains elevated, but is stabilizing, wrote UBS analysts led by Erika Najarian. Banks borrowed a total of $163.9B through the Federal Reserve's discount window and its Bank Term Fundi...

2023-03-24 08:06:13 ET Summary While the Fed did what the markets expected and hiked rates by 25 basis points, the rhetoric suggests that rate cuts is not the base case in 2023. The Fed showed its commitment to its inflation target while commenting that the banking system remains ...

2023-03-23 07:16:44 ET Summary Fifth Third Bank has little similarities to failed U.S. regional banks. Nearly 100% of its securities are classified as AFS, with no hidden losses through HTM. Fed’s Bank Term Funding Program allows FITB to cover 65% of uninsured deposits....

2023-03-23 05:19:17 ET After closing 16% down in yesterday's trading session, First Republic Bank ( NYSE: FRC ) rose 4.4% in premarket trade today, Thursday after Treasury Secretary Janet Yellen's comments. Yellen said that regulators are not looking to provide blanket deposit...

2023-03-22 10:22:23 ET Summary Western Alliance Bancorporation’s market cap has declined by about half in the last 9 trading days. The community bank attracted a 5.4% investment from hedge fund Citadel at the beginning of the crisis. The Western Alliance Bancorporation ...