PacWest, Western Alliance Stocks Fall as Bank Jitters Return
Markets initially welcomed PacWest's move to cut its dividend but have since become less enthused by what the bank described as a prudent step.
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Markets initially welcomed PacWest's move to cut its dividend but have since become less enthused by what the bank described as a prudent step.
The stock's move Monday follows a strong rebound in regional bank shares at the end of last week. The sector's sharp selloff is being questioned by investors.
The premarket move Monday follows a strong rebound in regional bank shares at the end of last week. The sector's sharp selloff is being questioned by investors.
Tech-heavy Nasdaq Composite inches up enough to move into bull market territory
Shell Asset Management Co. lowered its holdings in Western Alliance Bancorporation (NYSE:WAL – Get Rating) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,821 shares of the financial services provider’s stock after selling 1,464 shares during the period. Shell […]