Western Alliance Stock Recovers as Deposit Outflows Stabilize
TL;DR Summary
Western Alliance Bancorp sought to calm investors by disclosing that insured deposits had risen to about 68% of its total deposits by the end of Q1, after an earlier financial update triggered a steep slide in the stock. However, the bank did not disclose its latest deposit balance or deposit outflow data, which it had shared in some of its previous updates.
- Western Alliance Bancorp Stock Pares Losses With New Details on Deposits Barron's
- Western Alliance Shares Fall on Lack of Deposit Details Bloomberg Television
- Western Alliance stock pares some losses after reassuring investors about deposits Yahoo Finance
- Western Alliance shares cut losses after the bank says deposit outflows are stabilizing CNBC
- Western Alliance Deposits Fell 11% in Q1 to $47.6B Bloomberg Television
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