Western Alliance Bancorporation (WAL)

NYSE: WAL · IEX Real-Time Price · USD
62.25
-3.39 (-5.16%)
Dec 5, 2022 4:00 PM EST - Market closed
-5.16%
Market Cap 7.33B
Revenue (ttm) 2.32B
Net Income (ttm) 997.20M
Shares Out 107.50M
EPS (ttm) 9.35
PE Ratio 6.66
Forward PE 5.57
Dividend $1.42 (2.28%)
Ex-Dividend Date Nov 17, 2022
Volume 1,105,107
Open 65.09
Previous Close 65.64
Day's Range 61.08 - 65.55
52-Week Range 54.86 - 124.93
Beta 1.36
Analysts Buy
Price Target 89.33 (+43.5%)
Earnings Date Oct 21, 2022

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 in Commercial, Consumer Related, and Corporate & Other 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; and treasury management and residential mortgage products and services. It also offers commercial and in... [Read more]

Industry Banks
IPO Date Jun 30, 2005
CEO Kenneth Vecchione
Employees 3,368
Stock Exchange NYSE
Ticker Symbol WAL
Full Company Profile

Financial Performance

In 2021, WAL's revenue was $1.97 billion, an increase of 77.22% compared to the previous year's $1.11 billion. Earnings were $899.20 million, an increase of 77.50%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for WAL stock is "Buy." The 12-month stock price forecast is 89.33, which is an increase of 43.50% from the latest price.

Price Target
$89.33
(43.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Western Alliance to Participate in BancAnalysts Association of Boston Conference

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

1 month ago - Business Wire

Western Alliance (WAL) Lags Q3 Earnings and Revenue Estimates

Western Alliance (WAL) delivered earnings and revenue surprises of -6.92% and 2.13%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Western Alliance Bancorporation Reports Third Quarter 2022 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Third Quarter 2022 Financial Results

1 month ago - Business Wire

Western Alliance (WAL) Reports Next Week: Wall Street Expects Earnings Growth

Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Western Alliance Bancorporation Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast

1 month ago - Business Wire

Western Alliance Bancorporation Releases 2022 Corporate Responsibility Report

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation, one of the country's top-performing banking companies, today released its 2022 Corporate Responsibility Report. The report highlights the strat...

2 months ago - Business Wire

Western Alliance Ranks #1 Among Banks Above $50B by American Banker

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) today announced its primary subsidiary, Western Alliance Bank, ranks #1 among the nation's top-performing large banks with $50 billi...

2 months ago - Business Wire

Western Alliance Bancorporation Added to KBW Nasdaq Bank Index for Q3 2022

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) has been added to the KBW Nasdaq Bank Index (Index Ticker: BKX, ETF Ticker: KBWB), as announced by Keefe, Bruyette & Woods, Inc. (KB...

2 months ago - Business Wire

Western Alliance Bank Announces Executive Promotions, Newly Formed Executive Leadership Team

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank, one of the country's top-performing banking companies, today announced the promotions of several senior executives and the formation of a new Executive L...

2 months ago - Business Wire

Western Alliance (WAL) Moves to Buy: Rationale Behind the Upgrade

Western Alliance (WAL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

3 months ago - Zacks Investment Research

Western Alliance (WAL) Q2 Earnings and Revenues Surpass Estimates

Western Alliance (WAL) delivered earnings and revenue surprises of 3.91% and 7.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Western Alliance Bancorporation Reports Second Quarter 2022 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Second Quarter 2022 Financial Results

4 months ago - Business Wire

Western Alliance Bancorporation Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast

4 months ago - Business Wire

Divergent Technologies Strengthens Capital Resources with $60 Million Loan Facility Led by Horizon Technology Finance...

LOS ANGELES , July 7, 2022 /PRNewswire/ -- Divergent Technologies Inc. ("Divergent"), the company that has developed the world's first end-to-end digital production system to revolutionize industrial-sc...

Other symbols: HRZN
4 months ago - PRNewsWire

This Banking Stock Is a Great Hedge Against Rising Interest Rates

Western Alliance is a conservative way to invest in rising interest rates.

5 months ago - The Motley Fool

Western Alliance Bancorporation Reports First Quarter 2022 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports First Quarter 2022 Financial Results

7 months ago - Business Wire

Western Alliance Bancorporation Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

7 months ago - Business Wire

Western Alliance Bancorporation Announces Two Retirements from Board of Directors

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board...

7 months ago - Business Wire

Western Alliance Bancorporation Board Extends Contract of Chief Executive Officer

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation today announced that its Board of Directors and Chief Executive Office have agreed to a contract extension that will keep Kenneth A. Vecchione a...

7 months ago - Business Wire

These banks stocks are a great pick amidst inflation and Ukraine war

The rising rate environment is broadly known to be good for the banks but not all banks were made equal, said KBW's Tom Michaud, as he suggested that investors be selective when picking stocks. Why regi...

Other symbols: CMAEWBCMTBPACW
8 months ago - Invezz

Western Alliance Bank: Where the Money Is

Western Alliance Bankcorp ( WAL , Financial) caught my eye due to recent insider activity. Both the CEO and chief financial officer have purchased shares this year, spending a substantial amount to do so.

8 months ago - GuruFocus

Insiders Buying Charter Communications And 3 More Stocks

Meta Platforms, Inc. FB reported weaker-than-expected earnings for its fourth quarter and issued a weak forecast, which sent the Nasdaq futures sharply lower this morning. When insiders purchase shares,...

Other symbols: CHTREPD
10 months ago - Benzinga

Western Alliance Buys Payments Platform Digital Disbursements

Western Alliance Bank has completed its buy of Digital Settlement Technologies, DBA Digital Disbursements, the digital payments platform for the class action legal industry, a press release says. Digita...

10 months ago - PYMNTS

Western Alliance (WAL) Surpasses Q4 Earnings and Revenue Estimates

Western Alliance (WAL) delivered earnings and revenue surprises of 1.74% and 1.30%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Western Alliance Bancorporation Reports Fourth Quarter and Full Year 2021 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Fourth Quarter and Full Year 2021 Financial Results

10 months ago - Business Wire