Western Alliance Bancorp Stock Forum

$Western Alliance Bancorp(WAL.US)$
Fed meeting recap: Everything Powell said during Wednesday's market-moving news conference
us fed will stick to the 3 rate cut!

Regional banks $KRE continue to decline after New York Community Bancorp's poor results. Some pressure is also mounting due to tempered expectations of March Fed Rate Cut.
$Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ -3.53% and down ∼-10% in 2days
$New York Community Bancorp(NYCB.US)$ -10.17%
$Western Alliance Bancorp(WAL.US)$ -6.53%
$Zions Bancorp(ZION.US)$ -5.12%

Interestingly, in yesterday's issued FOMC statement, the Fed removed the phrase 'U.S. banking system is sound and resilient.' 🤔
It's not necessarily concerning, but it's worth noting!
* $New York Community Bancorp(NYCB.US)$ down 45% in 2 days, $KRE -10% in 2 days, $Western Alliance Bancorp(WAL.US)$ -10% today, most since May '23
$Dow Jones Industrial Average(.DJI.US)$$Nasdaq Composite Index(.IXIC.US)$$S&P 500 Index(.SPX.US)$$SPDR S&P 500 ETF(SPY.US)$$Invesco QQQ Trust(QQQ.US)$

$Western Alliance Bancorp(WAL.US)$ bloodshed

$Western Alliance Bancorp(WAL.US)$ well fuckgo called this only worth $72 called neutral while Citi called  $82 and reiterate buy
wtf is going on here

Morning Movers
Gapping up
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