Western Alliance Bancorp's Financial Update Fails to Impress Investors and Analysts.
TL;DR Summary
Western Alliance Bancorp's shares fell by as much as 12% after the regional bank updated its financial disclosures without providing details on its deposit balance. Investors have been focused on the metric after a run on deposits contributed to the collapse of three lenders last month. The lack of information on deposit balance is likely to "frustrate investors," according to an analyst at Jefferies Financial Group.
Topics:business#deposit-balance#finance#financial-disclosures#investors#regional-banks#western-alliance-bancorp
- Western Alliance Falls on Lack of Details on Deposit Balance Yahoo Finance
- Western Alliance Bancorp's update likely to fall short with investors, analyst says MarketWatch
- Western Alliance Stock Drops After Bank Says Share of Insured Deposits Climbed The Wall Street Journal
- Western Alliance Bancorporation Announces First Quarter 2023 Earnings Release Date, Conference Call and Webcast, and provides Quarter End Financial Update Yahoo Finance
- Morgan Stanley Cuts Regional Bank Outlook; Western Alliance Dives On Financial Update | Investor's Business Daily Investor's Business Daily
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
88%
557 → 66 words
Want the full story? Read the original article
Read on Yahoo Finance