Update: Western Alliance Bancorp (WAL) and Silvergate Corp (SI)
April 22, 2022 | Premium Service | With this edition of The Institutional Risk Analyst, we return to a couple of interesting banks with roots in the mortgage industry, but that’s where the similarities end. Silvergate Capital (SI) and Western Alliance Bancorp (WAL) were two of the best performing bank stocks of 2021, but both are now following the bank group lower and for different reasons. The former is being hurt by flagging interest in crypto assets, the latter by the nuclear winter in housing caused by the lurch in Fed interest rate policy. Where is value for these two names and the broader banking sector?
Want to read more?
Subscribe to www.theinstitutionalriskanalyst.com to keep reading this exclusive post.