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Western Alliance's Deposit Growth Boosts Regional Bank Stocks

1 min read
Source: Yahoo Finance
TL;DR

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:businessfinance#deposits#finance#kbw-regional-banking-index#stock-market#us-regional-banks#western-alliance-bancorp
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  1. Western Alliance Deposit Growth Drives Regional Bank Stocks Up  Yahoo Finance
  2. Western Alliance stock gains after deposit growth exceeds $2B QTD (NYSE:WAL)  Seeking Alpha
  3. Wall St opens higher as regional banks bounce, debt talks grind on By Reuters  Investing.com
  4. US regional bank shares jump on Western Alliance deposits growth  Yahoo Finance
  5. Here's what analysts are saying after Western Alliance's latest update  CNBC
  6. View Full Coverage on Google News

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