Western Alliance Bancorp: Lawsuit, Rebound, and Roller Coaster

Western Alliance stock rebounds after a loan fraud lawsuit announcement triggered an initial plunge. The bank reassured investors, reaffirming financial guidance, while analysts like Bank of America maintained positive ratings. Despite the recovery, the stock remains volatile and below last year's high, though long-term investors still see potential amid broader banking sector optimism fueled by strong earnings reports and hints of easing monetary policy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.