** Shares of regional lender Western Alliance Bancorp
fall 2.2% to $54.50 premarket
** Late on Thursday, WAL raised its forecast for 2024 non-interest expense growth
** WAL now expects non-interest expense growth to be between 6% to 9% in 2024, higher than its prior forecast of flat to 2%
** Truist analysts anticipate some weakness in stock after expense forecast
** KBW analysts say WAL's messaging on the conference call regarding the increased expense outlook will be the key to stock's performance on Friday
** As of last close, WAL shares were down 15.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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