WAL News and Press, Western Alliance Bancorporation From 05/16/23

2023-05-16 05:16:42 ET Regional bank stocks got some rare love on Monday as traders gave some confidence to a sector that has been under a shadow since March. PacWest ( NASDAQ: PACW ) rose 18% after falling 21% last week, while other regionals like Zions Bancorporation (...

2023-05-15 16:54:00 ET Shares of several bank stocks rose today after selling off last week, largely due to positive sentiment from Wall Street. Shares of Western Alliance Bancorp (NYSE: WAL) rose nearly 12% today, shares of KeyCorp (NYSE: KEY) rose more than 6.5%, and share...

2023-05-15 13:18:00 ET Scion Asset Management invested in some of the bank stocks that fell the most after the collapse of three banks at the end of Q1, according to the firm's latest 13F filing. The firm, headed by Michael Burry who correctly bet against mortgages before the 2008 finan...

2023-05-13 07:00:00 ET Summary Inflation remains stuck around 5%. The Fed has paused unless inflation remains stuck, then the Fed might keep hiking. The banking crisis is contained to relatively small banks that don't threaten another Great Financial Crisis. The economic d...

2023-05-12 14:33:14 ET Summary The U.S. banking system is caught in a major storm and the flood waters continue to rise. How much is the banking system at risk going forward? What are the implications for the broader economic and financial markets? If it keeps on r...

The S&P 500 fell Friday as concerns around the U.S. economy and regional banks dampened investor sentiment. The Dow Jones Industrial Average tumbled 126.19 points to 33,183.32. The much-broader index lost 21.36 points to 4,109.26. The NASDAQ Composite dumped 85.22 points to 12,243...

2023-05-11 08:50:32 ET Western Alliance Bancorporation ( NYSE: WAL ) said Thursday its deposits increased by $1.8B since the end of Q1. As of May 9, 2023, total deposits were ~$49.4B, up from $47.6B at March 31. Since May 2, its deposits rose by ~$600M. Western Allianc...

Western Alliance Bancorporation (NYSE: WAL), the holding company for Western Alliance Bank, today issued the following update about deposit trends in response to recent industry events. Stable Deposits : Total Deposits were approximately $49.4 billion as of Tuesday, May 9, with quarter-to...

2023-05-11 08:36:16 ET ImmunityBio IBRX -58% after FDA snub for cancer therapy Guardforce AI Co GFAI -34% on pricing $12M offering . Sonos SONO -23% after Q2 earning release . PacWest Bancorp PACW -23% after pledging more collateral to discount wi...

2023-05-10 13:00:11 ET Summary BLS reported April 2023 CPI of 4.9%. Monthly and yearly price changes in shelter, used automotive, and gas discussed. Watch out for these ETFs. The widely watched Consumer Price Index lifted the index only marginally. Stock markets anti...