Western Alliance Bancorporation (WAL)

NYSE: WAL · Real-Time Price · USD
89.17
+0.01 (0.01%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.01%
Market Cap 9.73B
Revenue (ttm) 2.91B
Net Income (ttm) 705.90M
Shares Out 109.07M
EPS (ttm) 6.47
PE Ratio 13.78
Forward PE 10.61
Dividend $1.52 (1.71%)
Ex-Dividend Date Nov 15, 2024
Volume 425,112
Open 88.90
Previous Close 89.16
Day's Range 88.01 - 89.48
52-Week Range 47.60 - 96.45
Beta 1.43
Analysts Strong Buy
Price Target 91.86 (+3.02%)
Earnings Date Oct 17, 2024

About WAL

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also provides commercial an... [Read more]

Sector Financials
IPO Date Jun 30, 2005
Employees 3,260
Stock Exchange NYSE
Ticker Symbol WAL
Full Company Profile

Financial Performance

In 2023, WAL's revenue was $2.56 billion, an increase of 3.41% compared to the previous year's $2.47 billion. Earnings were $709.60 million, a decrease of -32.06%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for WAL stock is "Strong Buy." The 12-month stock price forecast is $91.86, which is an increase of 3.02% from the latest price.

Price Target
$91.86
(3.02% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

17 Upcoming Dividend Increases

This week, 17 companies with an average dividend increase of 8.3% are highlighted, emphasizing consistent dividend growth and outperforming benchmarks. My investment strategy focuses on buying, holdin...

14 days ago - Seeking Alpha

Western Alliance to Participate in BancAnalysts Association of Boston Conference

PHOENIX--(BUSINESS WIRE)--Western Alliance to Participate in BancAnalysts Association of Boston Conference.

20 days ago - Business Wire

Western Alliance Bancorporation (WAL) Q3 2024 Earnings Call Transcript

Western Alliance Bancorporation (NYSE:WAL) Q3 2024 Earnings Conference Call October 18, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione...

4 weeks ago - Seeking Alpha

Western Alliance Posts Q3 Earnings Miss, Why 5 Analysts Are Still Bullish

Western Alliance Bancorporation WAL reported mixed earnings  for its third quarter on Thursday.

4 weeks ago - Benzinga

Western Alliance Bancorporation Reports Third Quarter 2024 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Third Quarter 2024 Financial Results.

4 weeks ago - Business Wire

Analyst gives regional bank stock picks for investors

While Big Banks continue to report third quarter earnings — notably Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C) today — let's not forget about the regional banks. Wedbush Securities m...

Other symbols: COLBMTBWTFC
5 weeks ago - Yahoo Finance

Western Alliance Bancorporation Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) announced today that it plans to release its third quarter 2024 financial results after the market closes on Thursday, October 17,...

6 weeks ago - Business Wire

11 favored bank stocks that still trade at cheap valuations

Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.

Other symbols: BACBANCCEBCEWBCFHNFNB
7 weeks ago - Market Watch

Why regional banks are set to benefit from easing interest rates

Christopher McGratty, head of US bank research at KBW, a Stifel Company, joins Market Domination to discuss how the Federal Reserve's rate easing cycle will impact regional banks and lays out some of ...

Other symbols: CMAKRE
2 months ago - Yahoo Finance

Western Alliance: Further Upside After S&P 400 Inclusion

Western Alliance Bancorp has rebounded strongly, with shares up 67% over the past year, driven by improved balance sheet flexibility and high-quality deposit growth. Western Alliance's net interest ma...

2 months ago - Seeking Alpha

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of t...

2 months ago - PRNewsWire

Western Alliance: A Flawless Quarterly From Multiple Perspectives

WAL has outperformed the S&P 500 by 22% since my last buy rating. Loan portfolio and non-interest-bearing deposits grew in Q2 2024, leading to improved profitability. Further price appreciation is exp...

4 months ago - Seeking Alpha

These Analysts Boost Their Forecasts On Western Alliance After Upbeat Earnings

Western Alliance Bancorporation WAL posted upbeat quarterly results, after the closing bell on Thursday.

4 months ago - Benzinga

Western Alliance Bancorporation (WAL) Q2 2024 Earnings Call Transcript

Western Alliance Bancorporation (NYSE:WAL) Q2 2024 Earnings Conference Call July 19, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione - ...

4 months ago - Seeking Alpha

Western Alliance Bancorporation Reports Second Quarter 2024 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Second Quarter 2024 Financial Results.

4 months ago - Business Wire

Western Alliance Bancorporation Announces Second Quarter 2024 Earnings Release Date, Conference Call and Webcast

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Second Quarter 2024 Earnings Release Date, Conference Call and Webcast.

4 months ago - Business Wire

Alliance Association Bank Expands Community Association Banking Team With Additions of Kenneth Sonner and Anthony Dister

PHOENIX--(BUSINESS WIRE)--Alliance Association Bank today announced that it has expanded its team of experienced bankers serving the HOA and community management sector with the additions of Kenneth S...

5 months ago - Business Wire

Western Alliance Bank Powers Agriculture Specialization With Addition of Industry Executive Leo Munoz

SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced a strategic expansion of its Commercial Banking team with the hire of Leo Munoz as Industry Executive for Food and Agriculture. Munoz,...

5 months ago - Business Wire

Four stocks to watch for macro signals

Jake Schurmeier, Harbor Capital Advisors portfolio manager, joins CNBC's 'The Exchange' to discuss what stocks he's watching, the path to a Fed rate cut, and more.

Other symbols: FCXSBUX
6 months ago - CNBC Television

Jocelyn Lynch Promoted to Head of Western Alliance Trust Company, N.A.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation today announced the promotion of Jocelyn Lynch to the President and CEO of Western Alliance Trust Company, N.A. Lynch brings tremendous experi...

7 months ago - Business Wire

Western Alliance: Solid Growth And Cheap Valuation (Rating Upgrade)

Western Alliance Bancorporation reported better-than-expected earnings for Q1'24. Strong net interest income results drove the bank's earnings. Deposit balance increased by almost 31%, and high-cost b...

7 months ago - Seeking Alpha

Heather Kelly Appointed as Head of Western Alliance Bank's Business Escrow Services Group

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced the appointment of Heather Kelly as the Head of the Business Escrow Services group. Heather brings with her a wealth of experience and e...

7 months ago - Business Wire

Western Alliance Bancorporation (WAL) Q1 2024 Earnings Call Transcript

Western Alliance Bancorporation (NYSE:WAL) Q1 2024 Earnings Conference Call April 19, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione -...

7 months ago - Seeking Alpha

Western Alliance: Q1 2024 Results Reaffirm Improving Outlook

A change in the Fed's rate cut story and geopolitical tensions may have impacted WAL's YTD performance. 1Q24 results show that loan/deposit growth has been robust. Asset quality remains stable.

7 months ago - Seeking Alpha

Western Alliance Bancorporation Reports First Quarter 2024 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports First Quarter 2024 Financial Results.

7 months ago - Business Wire