Western Alliance's Deposit Growth Boosts Regional Bank Stocks
TL;DR Summary
Shares of US regional banks, including Western Alliance Bancorp, rallied after the bank reported that deposits had grown by more than $2 billion since the end of the quarter, easing concerns about the health of US regional lenders. The KBW Regional Banking Index rose 2.4% as a result. The sector has been under pressure since March, when a series of firms collapsed. Western Alliance has demonstrated "stability amid an uncertain operating backdrop," according to Bloomberg Intelligence analysts.
Topics:business#deposits#finance#kbw-regional-banking-index#stock-market#us-regional-banks#western-alliance-bancorp
- Western Alliance Deposit Growth Drives Regional Bank Stocks Up Yahoo Finance
- Western Alliance stock gains after deposit growth exceeds $2B QTD (NYSE:WAL) Seeking Alpha
- Wall St opens higher as regional banks bounce, debt talks grind on By Reuters Investing.com
- US regional bank shares jump on Western Alliance deposits growth Yahoo Finance
- Here's what analysts are saying after Western Alliance's latest update CNBC
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
86%
545 → 77 words
Want the full story? Read the original article
Read on Yahoo Finance