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Stocks of PacWest , Western Alliance , Zions and HomeStreet – mid-sized lenders based in Beverly Hills, Calif., Phoenix, Salt Lake City and Seattle – are down between 40% and 79% year to date.
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Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.
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Western Alliance led other regional bank stocks higher Wednesday after telling investors that its deposits rose again last week.The Phoenix-based lender said deposits as of May 12 were $47.6 ...
COI disclosure: I am an external contractor to Western Alliance Bancorporation's corporate communications/marketing department. Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 42nd on the Forbes list of America's Best Banks. [1]
PacWest ended Tuesday down 28%, while Western Alliance dropped 15%. Other regional banks also plummeted, including Zions ( ZION ), Comerica ( CMA ) and Key ( KEY ), which all fell between 9-12%.
Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.