Western Alliance's Q1 Update Disappoints Investors with Lack of Deposit Details
TL;DR Summary
Western Alliance's stock dropped by as much as 17% after the bank's Q1 update failed to provide enough detail on deposit outflows. The bank did offer several new statistics about deposits, unrealized bond losses, liquidity, and its borrowings from the Federal Reserve. However, analysts and stockholders focused on what Western Alliance didn't disclose: exactly how many deposits left the bank during the panic triggered by the failures of Silicon Valley Bank and Signature Bank in early March.
- Western Alliance stock plunges after Q1 update lacks detail on deposit outflows Yahoo Finance
- Morgan Stanley Cuts Regional Banks Outlook; Western Alliance Dives On Financial Update | Investor's Business Daily Investor's Business Daily
- Western Alliance Stock Drops After Bank Says Share of Insured Deposits Climbed The Wall Street Journal
- 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
- View Full Coverage on Google News
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