Western Alliance Bancorporation (WAL)
| Market Cap | 6.19B |
| Revenue (ttm) | 2.58B |
| Net Income (ttm) | 854.70M |
| Shares Out | 109.47M |
| EPS (ttm) | 7.88 |
| PE Ratio | 7.18 |
| Forward PE | 7.21 |
| Dividend | $1.48 (2.62%) |
| Ex-Dividend Date | Nov 16, 2023 |
| Volume | 1,661,592 |
| Open | 54.80 |
| Previous Close | 54.84 |
| Day's Range | 54.20 - 57.25 |
| 52-Week Range | 7.46 - 81.17 |
| Beta | 1.47 |
| Analysts | Strong Buy |
| Price Target | 55.64 (-1.66%) |
| Earnings Date | Jan 23, 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 offers commercial and ... [Read more]
Financial Performance
In 2022, WAL's revenue was $2.47 billion, an increase of 25.24% compared to the previous year's $1.97 billion. Earnings were $1.04 billion, an increase of 16.61%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for WAL stock is "Strong Buy." The 12-month stock price forecast is $55.64, which is a decrease of -1.66% from the latest price.
News
KBW spotlights East West Bancorp, Webster Bank and Western Alliance as offering growth and value in tough year for bank stocks
KBW analyst Chris McGratty said the bank sees potential upside for at least three regional bank stocks in a tough year for the sector.
Craig Hirson Named Commercial Banking Market Executive for Greater Los Angeles and Orange County at Western Alliance Bank
SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Craig Hirson has been appointed as the organization's Commercial Banking Market Executive for Greater Los Angeles and Orange Coun...
Matt Griesbach Named Commercial Banking Executive for Aerospace and Defense at Western Alliance Bank
SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Matt Griesbach has been appointed as the organization's Commercial and Industrial Industry Executive for Aerospace and Defense. "...
JPMorgan's and PNC's mixed outlook on net interest income draws attention from analyst after industry gathering
Big U.S. banks have signaled that they expect net interest income to bottom out in the next few quarters as they keep an eye on whether the cost of consumer deposits will come down, a bank analyst sai...
Western Alliance to Participate in BancAnalysts Association of Boston Conference
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) announced today its President and Chief Executive Officer Kenneth Vecchione and Vice Chairman and Chief Financial Officer Dale Gib...
Dillan Knudson Named Head of Commercial Banking for Arizona at Western Alliance Bank
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced that Dillan Knudson has been appointed as the organization's Head of Commercial Banking for Arizona. “Dillan brings outstanding depth an...
Western Alliance Bancorporation Reports Third Quarter 2023 Financial Results
PHOENIX--(BUSINESS WIRE)--Western Alliance Reports Third Quarter 2023 Financial Results.
CORRECTING and REPLACING Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast.
Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast.
Wells Fargo downgrades four regional banks and highlights four top names in analyst shift
Wells Fargo analyst Timur Braziler downgraded four U.S. regional banks Wednesday, sharing his four top picks as he assumed coverage of the sector.
FDIC Says Banking System Is 'Resilient'
Stephen Biggar, Argus research director of financial institutions, says the FDIC report provides some relief for the banking sector. He's on "Bloomberg Markets.
D.A. Davidson reiterates buy rating on Western Alliance Bancorp despite 180% gain in its stock since May trough
D.A. Davidson analyst Gary P. Tenner on Tuesday reiterated a buy rating at $64 a share price target on Western Alliance Bancorp WAL, +2.22% even though the stock has outperformed its peers in recent w...
Fed Wants Regional Banks to Shore Up Liquidity
US regulators are quietly demanding that regional lenders shore up their liquidity planning, part of a ramp-up in efforts to tighten supervision in the wake of three bank failures earlier this year. B...
Julian Parra Named Head of Commercial and Industrial Banking for California at Western Alliance Bank
SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Julian Parra has been appointed as the organization's Head of Commercial and Industrial Banking for California. "Julian's appoint...
Todd Sondrini Named Head of Treasury Management for Western Alliance Bank
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced that Todd Sondrini has been appointed as the organization's Head of Treasury Management, a new position that also encompasses product st...
U.S. bank stocks drop after Fitch downgrade warning
Shares of U.S. banks dropped in premarket trading after a Fitch Ratings analyst told CNBC that the agency could downgrade several lenders, while a proposed rule change by a top banking regulator added...
JPMorgan, Goldman and Morgan Stanley win praise in Jefferies Q2 bank earnings wrap
Bank fundamentals were challenged but results were better than worst-case fears as higher interest rates boosted bank loan yields, Jefferies analyst Ken Usdin said Thursday in the firm's summary of se...
15 value-stock picks for momentum investors from a money manager who has outperformed the S&P 500 for 30 years
During the first five months of 2023, there were investors who had difficulty believing in a sustained stock-market rally because the action was dominated by the largest technology companies. But the ...
Regional bank stocks appearing more secure after earnings
Yahoo Finance's Myles Udland and Seana Smith discuss regional bank stocks following earnings and the regional bank crisis.
PacWest, Western Alliance stocks rise, while KeyCorp loses ground
PacWest Bancorp stock was up 3% in premarket trades on Thursday, as upward momentum continued with most bank stocks.
PacWest, Western Alliance, United Community Banks stocks lose ground in premarket
PacWest Bancorp PACW, +8.50% is down 0.3% as one of the most active stocks in premarket trades on Wednesday with volume of 164,000 shares, according to the MarketWatch Premarket Screener. PacWest is d...
Western Alliance Bancorporation Reports Second Quarter 2023 Financial Results
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Second Quarter 2023 Financial Results.
Western Alliance stock falls more than 5% after bank narrowly misses profit expectations, but says it is on track to ‘return to normal'
Shares of Western Alliance Bancorp. WAL, +8.13% dropped more than 5% in the extended session Tuesday after the Phoenix bank narrowly missed quarterly per-share earnings expectations but assured invest...