Western Alliance downgraded at J.P. Morgan over earnings credit rate deposit costs (WAL:NYSE)

Western Alliance Bancorporation (WAL) was cut to Neutral from Overweight at J.P. Morgan on an upside risk to ECR (earnings credit rate) deposit costs. "For 2026, although the newly provided outlook for 2026 ECR deposit costs calls for a range of $535M-$585M, we ...