WAL reported earnings AH today. First of the real beaten down regionals. They murdered it. Over 35% net interest margin gain YoY. The bank doomers were afraid they were going to take big hits in this. They killed in the thing we were told would end them. They also lost a tiny number of deposits after flows reversed within a week of SIVB.
EPS beat, revenue barely missed. They had net inflows for the quarter. That's the thing. SIVB couldn't even make them negative on the quarter.
I hold EWBC, RF, and ZION and should have just gone for the most degen choice possible. None of these banks are going under. Can't wait for the rest of bank earnings this week. FRC might have a 40% day with its short interest and institutional ownership.
[link] [comments] https://www.reddit.com/r/stocks/comments/12rdomd/wal_western_alliance_bank_reported_today_up_15_ah/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
