Finance
Western Alliance Earnings Give Shot at Winning Back Wary Market
- Wall Street more bullish on the stock than any other in KBW
- Shares are down by a third as investors fretted over contagion
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Western Alliance Bancorp spent much of this year ensnared in turmoil sparked by a series of regional bank collapses that spooked its investors and attracted short sellers.
But that hasn’t stopped the bank from becoming a favorite of Wall Street analysts. They’re more bullish on it than any other stock in the two-dozen strong KBW Bank Index, which tracks large publicly-traded US lenders.