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Why Shares of Western Alliance, PacWest Bancorp, and KeyCorp Are Rising Today

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%.