Why Shares of Western Alliance, PacWest Bancorp, and KeyCorp Are Rising Today
Shares of bank stocks are rallying today after Western Alliance Bancorporation (NYSE: WAL) issued a positive update on its deposit trends this morning. Shares of Western Alliance traded more than 10% higher as of 10:20 a.m. ET today. Meanwhile, shares of PacWest Bancorp (NASDAQ: PACW) traded nearly 6.7% higher, while shares of KeyCorp (NYSE: KEY) were up more than 4%.