
Please try another search
Western Alliance (NYSE:WAL) shares gained more than 8% after-hours following the company’s Q2/23 investor update, which highlighted that deposit balances stabilized by March 20 and resumed growth trajectory.
QTD deposit growth exceeded $2 billion as of May 12, up from $47.6B as of March 31.
According to the report, insured deposit strength was more than 79% as of May 12, up from 68% as of March 31. Furthermore, Q2 asset sales have boosted CET1 to 9.7% & TCE/TA to 6.7% as of April 30.
Other regional banks’ shares also reacted to the update, with PacWest Bancorp (NASDAQ:PACW) stock gaining more than 5% after-hours and Zions Bancorporation (NASDAQ:ZION) rising more than 1%.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.