Western Alliance, Zions Bancorp Shares Slide Amid Fraud Concerns — Analysts Stay Bullish

TLDR Western Alliance stock dropped 10.8% on October 16 after disclosing a fraud-related lawsuit over a $100 million loan, while Zion Bancorp took a $50 million charge-off on alleged fraud RBC Capital Markets calls the regional bank sell-off overdone, with 13 of 14 analysts rating Western Alliance as a buy with price targets around $103 [...]

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