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Investing.com -- Western Alliance Bancorporation (NYSE: WAL) reported second-quarter earnings that exceeded analyst expectations, with shares rising 1% following the announcement.

PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Thursday reported second-quarter earnings of $230.4 million. The bank, based in Phoenix, said it had earnings of $2.07 per share.

The bank posted revenue of $699.6 million in the period. Its revenue net of interest expense was $428 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $417.7 million.