What's Going On With Western Alliance (WAL) Shares
Portfolio Pulse from Henry Khederian
Shares of Western Alliance Bancorporation (NYSE:WAL) are trading higher by 2.20% following the Fed's stress test results. All 23 banks tested remained above their minimum capital requirements during a hypothetical recession. However, they incurred projected losses amounting to $541 billion in a hypothetical scenario. WAL has a 52-week high of $86.87 and a 52-week low of $7.46.
June 29, 2023 | 3:08 pm
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POSITIVE IMPACT
WAL shares are trading higher following the Fed's stress test results. The bank remained above minimum capital requirements during a hypothetical recession.
The positive outcome of the Fed's stress test has led to an increase in the stock price of WAL. The bank's ability to remain above the minimum capital requirements during a hypothetical recession indicates its financial stability, which is a positive signal to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100