WAL News and Press, Western Alliance Bancorporation From 07/26/23

2023-07-26 15:44:59 ET Billionaire investor Bill Gross said Wednesday he will cut back most of his regional bank stock holdings some three months after buying them in the wake of March's banking turmoil. Taking to Twitter, the bond king, as he is known, said the regional bank invest...

2023-07-26 12:51:40 ET Regional bank stocks spiked in Wednesday afternoon trading as the previously announced sale of troubled lender PacWest Bancorp ( NASDAQ: PACW ) to Banc of California ( NYSE: NAC ) is seen as a positive for the sector. Overall, the Invesco KBW Regio...

2023-07-26 08:28:03 ET Silicon Motion Technology  ( NASDAQ: SIMO ) +80% . PacWest Bancorp ( PACW ) +30% . Warrantee Inc. American Depositary  ( WRNT ) +24% . Tilray Brands ( TLRY ) +13% spikes as bottom line improves amid Q4 revenue ...

2023-07-26 03:15:00 ET Summary Miller Value Partners is a value investor. It values businesses, and not just stocks, and invests in them for the long term. Miller Income Strategy's representative account generated a 3.14% net return in Q2 2023, outperforming the ICE BofA US High Y...

2023-07-24 07:30:00 ET Summary The Federal Reserve will conclude their two-day July policy meeting on Wednesday, July 26. A 25 basis point increase in the overnight benchmark rate to a range of 5.25% to 5.50% is widely expected. I expect Chairman, Jerome Powell, to highlight b...

2023-07-23 06:45:00 ET The regional banking crisis of mid-March seems long in the past, but it is easy to forget that some of these midsized banks were slammed particularly hard. As years of super-low interest rates came to an end, some banks experienced losses. Western Alliance (NYSE...

2023-07-23 04:30:00 ET Summary Patient Capital Management are long-term, contrarian, value investors focusing on growing wealth through Time, not Timing. We operate with the singular purpose of serving clients and helping them enhance their long term investment returns. Patient Ca...

2023-07-21 13:24:25 ET Summary We are seeing more defaults in the commercial real estate sector as well as many fire sales around big office buildings in major cities. This trend is accelerating, and a new report from McKinsey projects $800 billion of commercial real estate values...

2023-07-20 14:24:43 ET Summary Western Alliance Bancorp's Q2 2023 results exceeded expectations, with a significant increase in deposits, rising loans and falling debt, suggesting the worst is behind the company. Since mid-May, the company's shares have risen by 38.4%, outperformi...

2023-07-20 06:13:00 ET Summary Western Alliance Bancorporation has seen a significant increase in new deposits in Q2, indicating a continual recovery from the March financial crisis. The Company has attracted $3.5B in new deposits in Q2'23. Exposure to commercial real estate l...