BUZZ-Western Alliance Bancorporation rises after unveiling $300 million share repurchase program
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Regional lender Western Alliance Bancorporation’sshares rise 2.5% to $90.69 WAL late Friday announced $300 million share repurchase programShares may be purchased through open market or private transactions and through block tradesWAL has 110.4 million shares outstanding for $9.8 billion market cap14 of 15 brokerages rate the stock “buy” or higher and 1 “hold”; median PT $99 - data compiled by LSEGAs of last close, WAL stock up 5.9% YTD
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