Western Alliance Bancorp: Another Great Quarter And More To Come [Seeking Alpha]
Western Alliance Bancorporation (DE) (WAL)
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm
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US:NYSE Investor Relations:
investors.westernalliancebancorporation.com
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Source: Seeking Alpha
Summary Western Alliance Bancorporation ( WAL ) had an impressive quarter beating EPS estimates and coming in line with revenue estimates. But that doesn't tell the whole story. The bank is doing what it needs to do to establish it as one of the premier regional banks in the country. In this article, I'll explore what drove earnings, including revenue, and income for the bank. Highlights from Q2 Earnings Western Alliance posted Q2 EPS of $0.99 beating estimates by $0.01. Revenue of $238.2M (+17.1% Y/Y) but missed by $3.44M. Stock Performance The stock is up ~13% from last year and was up ~20% at the highs of this year. As with any regional bank, the stock moves in the direction of the 10-year Treasury yield since the 10-year is used as a benchmark for loans. And regional banks earn most of their revenue from loans and loan spreads. WAL data by YCharts WAL's stock price has not correlated to the 10-year by 100%, but typically, whe
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WAL
News
- Western Alliance Bank Bolsters Commercial and Industrial Team with Strategic Hires Katie McDowell and Jon VanDerMeid [Yahoo! Finance]Yahoo! Finance
- Western Alliance Bank Bolsters Commercial and Industrial Team with Strategic Hires Katie McDowell and Jon VanDerMeidBusiness Wire
- Loyal Announces $45 Million Series B Financing to Continue Development of First FDA-Approved Dog Lifespan Extension Drug for Veterinary Use [Yahoo! Finance]Yahoo! Finance
- Western Alliance Bancorporation (NYSE: WAL) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $85.00 price target on the stock.MarketBeat
- Western Alliance Bancorporation (NYSE: WAL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
WAL
Earnings
- 1/25/24 - Beat
WAL
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- WAL's page on the SEC website