BUZZ-Western Alliance Bancorporation rises after unveiling $300 million share repurchase program

Reuters

09/15

BUZZ-<a href="https://laohu8.com/S/WALA">Western Alliance Bancorporation</a> rises after unveiling $300 million share repurchase program

** Regional lender Western Alliance Bancorporation's WAL.N shares rise 2.5% to $90.69

** WAL late Friday announced $300 million share repurchase program

** Shares may be purchased through open market or private transactions and through block trades

** WAL has 110.4 million shares outstanding for $9.8 billion market cap

** 14 of 15 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $99 - data compiled by LSEG

** As of last close, WAL stock up 5.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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