Ken Griffing Backed Citadel Advisors Discloses 5.3% Stake in Western Alliance Bank
Billionaire Kenneth (Ken) Griffing controlled Citadel Advisors LLC disclosed a 5.3% stake in Western Alliance Bancorp (NYSE: WAL).
12 Financials Stocks Moving In Tuesday’s Intraday Session
Gainers PacWest Bancorp – Depositary Shares Each Representing a 1/40th Interest in a Share of 7.75% Fixed Rate…
Moody’s Warns Of ‘Rapid Deterioration’ In Banking Environment, Evaluates Comerica, Western Alliance And More
Risk assessment firm Moody’s Corporation (NYSE: MCO) is downgrading the outlook on the U.S.
Nasdaq Jumps Over 200 Points; GitLab Shares Plummet
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 400 points on Tuesday.
The Dow traded up 1.30% to 32,234.35 while the NASDAQ rose 2.07% to 11,421.23. The S&P 500, also rose, gaining, 1.85% to 3,927.19.
Western Alliance Bancorp Shares Flying 40% Higher; Bank Issues Mid-Quarter Update After SVB Collapse
Shares of Western Alliance Bancorporation (NYSE: WAL) took a beating on Monday, as did other banking stocks, after the Silicon Valley Bank failure.
The bank’s mid-quarter update shows strong financials, according to Wedbush.
Dow Surges Over 300 Points; US Inflation Rate Drops To 6%
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 1.03% to 32,145.42 while the NASDAQ rose 1.78% to 11,388.42. The S&P 500, also rose, gaining, 1.51% to 3,913.80.
Why PacWest Bancorp Shares Are Trading Higher By 30%; Here Are 20 Stocks Moving Premarket
Gainers
PacWest Bancorp (NASDAQ: PACW) rose 29.9% to $12.66 in pre-market trading after multiple insider buys by Officers, Directors reported late Monday.
Moody’s Places 6 US Banks Under Review For Downgrade — Is Your Lender In This List?
Moody’s Investors Service has placed six U.S. banks under review for downgrade, saying the action reflects the extremely…
Larry Summers Suggests Short-Term Steps To Help Government Avoid Contagion — Says SVB Committed ‘One Of The Most Elementary Errors…’
Former Treasury Secretary Lawrence Summers reportedly said that Silicon Valley Bank committed one of the most elementary errors…
‘Big Short’ Investor Michael Burry On Current Banking Crisis, ‘I Am Not Seeing True Danger Here’
‘The Big Short’ investor Michael Burry, who made millions of dollars for his investors by accurately predicting the…