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Other US banks under scrutiny PacWest Bancorp (PACW.O), Truist Financial Corp (TFC.N) and Western Alliance Bancorp (WAL.N) rose between 0.8% and 3%.
Source: https://www.mutiny.in/central-banks-continue-to-raise-interest-rates-amid-banking-turmoil/
Regional bank stocks soar after Western Alliance says deposits are growingedition.
Shares of other regional banks, including First Republic Bank, PacWest Bancorp, Western Alliance Bancorp and Signature Bank, were frozen late Thursday with growing concerns of broader risks to the sector.
Such was the case Monday as investors pummeled shares of First Republic Bank and Western Alliance Bancorporation, among several other regional financial institutions.
Western Alliance Bancorporation has a 1-year low of $7.46 and a 1-year high of $81.17.
Western Alliance Bancorporation () last issued its quarterly earnings data on Friday, October 20th.
Western Alliance Bancorporation: Shares of the bank holding company closed 4.4% lower and lost another 22.42% in extended trading.
Western Alliance Bancorporation’s quarterly revenue was up 25.0% compared to the same quarter last year.
Western Alliance may face increased loan losses due to its high exposure to the semi-frozen commercial real estate market.