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Stock impact report

Western Alliance: Q1 2024 Results Reaffirm Improving Outlook [Seeking Alpha]

Western Alliance Bancorporation (DE) (WAL) 
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm Check Earnings Report
Company Research Source: Seeking Alpha
1Q24 results show that loan/deposit growth has been robust. Asset quality remains stable. The company points to higher loan/deposit growth in 2024 while non-interest expense may grow. The stock trades at an undemanding valuation for a bank with a solid growth profile. Western Alliance Bancorporation ( NYSE: WAL ) has underperformed with a 15% YTD decline, most noticeably in the period since February. We think a string of hotter-than-expected U.S. inflation reports has led investors to reprice the Fed's rate cut story. In addition, rising geopolitical risks have Recommended For You Recommended For You About WAL Stock Show less Read more
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