WAL Stock Falls as Bank Writes Off $126.4M After Jefferies Payment Failure
Western Alliance Bancorporation charges off $126M loan after payment failure by Jefferies; files lawsuit for breach and fraud while offsetting losses through gains and cuts.
Western Alliance Bancorporation charges off $126M loan after payment failure by Jefferies; files lawsuit for breach and fraud while offsetting losses through gains and cuts.
Piper Sandler upgrades Karman Holdings to Overweight with a $127 price target (up from $110), citing a major munitions "super cycle" driven by global defense needs and recent conflicts.
JPMorgan upgrades Dow Inc. to Overweight with a $40 price target, citing sharp polyethylene price gains from energy disruptions due to the Iran conflict and Strait of Hormuz issues.
Gap delivered 8 straight quarters of positive sales growth and launched a $1B buyback, but tariffs and cautious profit forecasts sent shares tumbling nearly 8%.
Samsara reported strong Q4 results with EPS and revenue beating Wall Street forecasts. Guidance for Q1 and full-year 2027 also tops expectations.
Marvell Technology beats Q4 estimates slightly and issues upbeat Q1 outlook of $2.4B revenue, topping expectations. AI demand fuels surge as shares rise up to 10% after hours.