NYSE:WALBanks
Western Alliance Bancorporation (WAL) Is Down 10.0% After Disclosing Major Bad Loan And Executive Exit - What's Changed
Western Alliance Bancorporation recently declared a quarterly cash dividend on both its common stock and Series A preferred shares, while also disclosing a US$99 million non-performing life-science loan and the immediate resignation of its Chief Banking Officer for National Business Lines.
At its 2026 Investor Day, management outlined medium-term profitability targets and plans to exceed US$100 billion in assets, even as it addressed credit issues and leadership turnover that have raised...