Strong Loan Growth Helps Western Alliance Bounce Back [The Motley Fool]
Western Alliance Bancorporation (DE) (WAL)
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm
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Source: The Motley Fool
Strong Loan Growth Helps Western Alliance Bounce Back The last two months of 08 were tough for banks across the nation. Fears of a recession and an end to rising long-term interest rates suddenly threw a wrench into the bullish case for expanding net interest income Western Alliance Bancorporation ( NYSE:WAL Coming into Thursday's fourth-quarter financial report, Western Alliance shareholders had hoped that solid financial results from the bank would help to restore confidence in its growth trajectory. The numbers that Western Alliance reported did the trick, and that's put the stock back on course toward a full recovery as 09 proceeds. Image source: Western Alliance. Western Alliance keeps picking up steam Western Alliance's fourth-quarter results supported the bank's fundamental strength. Net operating revenue came in at $8. million, up nearly % from year-ago levels and nearly matching what most investors had expected to see on the bank's top line. Net income rose by a third, to $9.
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WAL
News
- 18 savings accounts to open for May (up to 5.55% APY) [CBS News]CBS News
- Heather Kelly Appointed as Head of Western Alliance Bank's Business Escrow Services Group [Yahoo! Finance]Yahoo! Finance
- Heather Kelly Appointed as Head of Western Alliance Bank’s Business Escrow Services GroupBusiness Wire
- Western Alliance Bancorporation (NYSE: WAL) had its price target lowered by analysts at Barclays PLC from $91.00 to $86.00. They now have an "overweight" rating on the stock.MarketBeat
- Western Alliance Bancorporation (NYSE: WAL) had its price target lowered by analysts at Royal Bank of Canada from $78.00 to $76.00. They now have an "outperform" rating on the stock.MarketBeat
WAL
Earnings
- 4/18/24 - Beat
WAL
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- WAL's page on the SEC website