WAL News and Press, Western Alliance Bancorporation From 07/15/23

2023-07-15 08:45:00 ET Summary The Deep Value Select strategy underperformed in Q2, with a 2% decrease net-of-fees, lagging behind the overall market and the S&P 1500 Value Index. The five largest S&P 500 weights generated over 70% of the S&P 500 Index return in Q2, ad...

2023-07-14 14:00:56 ET Earnings season picks up steam in mid-July, with a flurry of releases from some of the world's most prominent companies. This includes Elon Musk's EV giant Tesla ( NASDAQ: TSLA ). The lineup also features major banks, pharmaceutical firms, prominent airlin...

2023-07-13 15:36:00 ET Banks start releasing Q2 2023 earnings on Friday, leading off with JPMorgan Chase ( NYSE: JPM ), Citigroup ( NYSE: C ), and Wells Fargo ( NYSE: WFC ). For the most part, Q2 earnings expectations have been lowered for the biggest banks. Anal...

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

The Dow Jones Industrial Average rose on Thursday as big bank names gained after passing the Federal Reserve's annual stress test, and a revised upward GDP print alleviated some recession fears on Wall Street. The 30-stock index shot higher 269.76 points to conclude Thursday at 34,122.42, lif...

2023-06-26 13:00:46 ET Regional bank stocks rose in Monday midday trading after Federal Reserve data on Friday showed that U.S. bank deposits increased, indicating pressures may be easing on the sector. The SPDR S&P Regional Banking ETF ( KRE ) rose 2.1%, outpacing the SPD...

2023-06-18 06:29:51 ET Summary Western Alliance Bancorp's deposit levels have improved, reducing its exposure to a "bank run," but likely lowering its future net interest income. Western Alliance may face increased loan losses due to its high exposure to the semi-frozen commercial...

2023-06-14 10:30:00 ET Regional banks as a group have been beaten down by pessimistic investors ever since mid-March, when Silicon Valley Bank imploded. Silicon Valley Bank was an unusual case in that it was not managing its interest rate risk properly and lost a lot of money on Treasuries ...

2023-06-10 14:35:00 ET The number of U.S. regional bank insiders purchasing shares in their own companies reached a three-year high during Q2, in what appears to be a vote of confidence in the sector after the recent collapse of a few regional lenders, according to research firm VerityData....

2023-06-09 05:38:30 ET Summary Truist Financial remains cheap in spite of positive industry developments. It's likely that investor sentiment in regional banks has already bottomed. We previously called out a profitable trade in TFC stock, and we think a similar trading opport...