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Stock impact report

Western Alliance Bancorp: Preferred Shares Less Appealing [Seeking Alpha]

Western Alliance Bancorporation (DE) (WAL) 
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm Check Earnings Report
Company Research Source: Seeking Alpha
The below-market risk premium upon rate reset implies that further price recovery is limited. The preferred shares are no longer as compelling as other available opportunities, and we have thus sold all positions. Getty Images Western Alliance Bancorporation ( WAL ) is a $91 billion bank holding company primarily serving the western U.S. states of California, Nevada, and Arizona. We acquired the company's preferred shares in 2023 during the banking panic, which depressed prices in the aftermath of the failure This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past Show less Read more
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