{"id":9979,"date":"2023-05-17T12:35:30","date_gmt":"2023-05-17T16:35:30","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/western-alliance-stock-jumps-8-on-q2-deposit-growth-exceeding-2-billion\/"},"modified":"2023-05-17T12:35:30","modified_gmt":"2023-05-17T16:35:30","slug":"western-alliance-stock-jumps-8-on-q2-deposit-growth-exceeding-2-billion","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9979","title":{"rendered":"Western Alliance stock jumps 8% on Q2 deposit growth exceeding $2 Billion"},"content":{"rendered":"
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Western Alliance stock jumps 8% on Q2 deposit growth exceeding $2 Billion<\/span>
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Western Alliance (NYSE:) shares gained more than 8% after-hours following the company\u2019s Q2\/23 investor update, which highlighted that deposit balances stabilized by March 20 and resumed growth trajectory.<\/p>\n

QTD deposit growth exceeded $2 billion as of May 12, up from $47.6B as of March 31.<\/p>\n

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.<\/p>\n

Other regional banks\u2019 shares also reacted to the update, with PacWest Bancorp <\/span><\/span> (NASDAQ:) stock gaining more than 5% after-hours and Zions Bancorporation (NASDAQ:) rising more than 1%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Western Alliance stock jumps 8% on Q2 deposit growth exceeding $2 Billion Western Alliance (NYSE:) shares gained more than 8% after-hours following the company\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":9980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-9979","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nWestern Alliance stock jumps 8% on Q2 deposit growth exceeding $2 Billion | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Western Alliance stock jumps 8% on Q2 deposit growth exceeding $2 Billion Western Alliance (NYSE:) shares gained more than 8% after-hours following the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=9979\" \/>\n<meta property=\"og:locale\" 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