Real Estate Bank gone bad.... Join The #Bitcoin Alliance maybe?
Saturday night i decided to take a look at all major bank charts. I called 3 potential 'dangerous ones' and ended up guessing 2 of them right. One of them was Western Alliance Bancorporation. (you can ask me for proof if you are interested to confirm this).
Western Alliance Bancorporation: Uncertainty Prevailshttps://seekingalpha.com/article/4586943-western-alliance-bancorporation-uncertainty-prevails:
Shares of the Western Alliance Bank (NYSE:WAL) have fallen victim to the uncertainty which materialized at light breaking speed in the financial sector in the second half of last week. The bank has similarities to the troubled SVB Financial Group as these (perceived) similarities, (even if they are not applicable to the same extent) create massive uncertainty here. Consequently, investors are selling first and depositors withdrawing before asking questions.
A Quick Intro
Western Alliance Bank is a Phoenix-headquartered bank which employs over 3,000 workers across more than 50 offices. After a though time during the recession of 2009, the company has seen a solid recovery. Originally founded as the Bank of West Nevada in the 1990s the company went public in 2005 and subsequently has steadily grown, surpassing the $50 billion asset market in 2021.
The company describes itself as a national banking platform with (remote) offices located throughout the country, although many branches are located in the Western part of the country. The company has ten folded its asset base over the past decade, as that growth has come with greater diversification in the loan book (to borrower categories) as well. That said, 37% of the loan book is lent out in California and a substantial amount of loans is geared towards real estate.
What's next?
Uncertainty.. I hope all goes well but in the meantime remember to look at Bitcoin. Just my humble opinion, perhaps I am right.
One Love,
The FXPROFESSOR
Western Alliance Bancorporation: Uncertainty Prevailshttps://seekingalpha.com/article/4586943-western-alliance-bancorporation-uncertainty-prevails:
Shares of the Western Alliance Bank (NYSE:WAL) have fallen victim to the uncertainty which materialized at light breaking speed in the financial sector in the second half of last week. The bank has similarities to the troubled SVB Financial Group as these (perceived) similarities, (even if they are not applicable to the same extent) create massive uncertainty here. Consequently, investors are selling first and depositors withdrawing before asking questions.
A Quick Intro
Western Alliance Bank is a Phoenix-headquartered bank which employs over 3,000 workers across more than 50 offices. After a though time during the recession of 2009, the company has seen a solid recovery. Originally founded as the Bank of West Nevada in the 1990s the company went public in 2005 and subsequently has steadily grown, surpassing the $50 billion asset market in 2021.
The company describes itself as a national banking platform with (remote) offices located throughout the country, although many branches are located in the Western part of the country. The company has ten folded its asset base over the past decade, as that growth has come with greater diversification in the loan book (to borrower categories) as well. That said, 37% of the loan book is lent out in California and a substantial amount of loans is geared towards real estate.
What's next?
Uncertainty.. I hope all goes well but in the meantime remember to look at Bitcoin. Just my humble opinion, perhaps I am right.
One Love,
The FXPROFESSOR
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