Western Alliance Bancorporation (WAL)
| Market Cap | 6.33B |
| Revenue (ttm) | 2.56B |
| Net Income (ttm) | 709.60M |
| Shares Out | 110.18M |
| EPS (ttm) | 6.54 |
| PE Ratio | 8.78 |
| Forward PE | 7.21 |
| Dividend | $1.48 (2.58%) |
| Ex-Dividend Date | Feb 15, 2024 |
| Volume | 4,028,216 |
| Open | 54.19 |
| Previous Close | 55.74 |
| Day's Range | 53.75 - 58.98 |
| 52-Week Range | 11.35 - 70.23 |
| Beta | 1.45 |
| Analysts | Strong Buy |
| Price Target | 71.47 (+24.43%) |
| Earnings Date | Apr 18, 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]
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 StatementsAnalyst Forecast
According to 15 analysts, the average rating for WAL stock is "Strong Buy." The 12-month stock price forecast is $71.47, which is an increase of 24.43% from the latest price.
News
Western Alliance Bancorporation Reports First Quarter 2024 Financial Results
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports First Quarter 2024 Financial Results.
Western Alliance Bancorporation Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast.
KBRA Publishes Ratings for Western Alliance Trust Company, N.A.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA publishes its Issuer rating of BBB+ for Western Alliance Trust Company, N.A. (“WATC” or “the company”), an OCC-chartered, non-depository national ...
Western Alliance Bank Bolsters Commercial and Industrial Team with Strategic Hires Katie McDowell and Jon VanDerMeid
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced the appointment of Katie McDowell and Jon VanDerMeid to the organization's Commercial and Industrial Banking team. McDowell assumes the ...
First Horizon, Popular, East West Bancorp, Western Alliance get top billing as Citi flags undervalued regional banks
Citi analyst Ben Gerlinger on Wednesday highlighted a quartet of bank names with appealing valuations, momentum and quality despite headwinds caused by fewer rate cuts expected in 2024.
Barclays' Jared Shaw presents a bullish case for mid-cap banks
Jared Shaw, Barclays mid-cap bank analyst, joins 'The Exchange' to discuss whether New York Community Bank's issues represent a more significant problem in banking, best positioned mid-cap banks, and ...
Bret Rathwick and Michael Anthony Join Commercial and Industrial Team at Western Alliance Bank
LOS ANGELES--(BUSINESS WIRE)--Western Alliance Bank today announced the appointment of Bret Rathwick and Michael Anthony to the organization's Commercial and Industrial team. Rathwick assumes the role...
Western Alliance Bank Hires Paulina Woo as Senior Director, Treasury Management – Corporate Finance, Public and Nonprofit Finance
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced that Paulina Woo has joined the organization as a senior director, treasury management, in the bank's Corporate Finance and Public and N...
Regional Bank Stocks Stabilize After Two-Day Selloff. NY Community Bancorp Is Up.
Regional bank stocks looked to stabilize early Friday following a two-day selloff after New York Community Bancorp's surprise loss and drastic reserve increase.
Regional Bank Stock Sell-Off Sparked By Commercial Real Estate Loan Fears
Regional U.S. banking stocks slipped sharply on Thursday as a surprise quarterly loss posted by New York Community Bancorp (NYCB) sparked fears that commercial real estate loans (CRE) pose broader ris...
Western Alliance Bancorporation Reports Fourth Quarter and Full Year 2023 Financial Results
PHOENIX--(BUSINESS WIRE)--Western Alliance Reports Fourth Quarter and Full Year 2023 Financial Results.
Western Alliance Bancorporation Announces Fourth Quarter and Full Year 2023 Earnings Release Date, Conference Call and Webcast
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Fourth Quarter and Full Year 2023 Earnings Release Date, Conference Call and Webcast.
Lynne Herndon Named Chief Credit Officer of Western Alliance Bank
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced that Lynne Biggio Herndon has been appointed as the Bank's new Chief Credit Officer. “We are excited to welcome Lynne to the Western All...
Here are Citi's top four regional-bank picks after a ‘tremulous year'
Western Alliance Bancorp, First Horizon Corp., Popular Inc. and Bank OZK drew top marks Tuesday out of the 18 banks covered by Citi analyst Ben Gerlinger.
US bank stocks drop as Fed policymaker plays down rate-cut expectations
U.S. bank stocks fell on Friday after a U.S. Federal Reserve policymaker dashed market expectations of interest-rate cuts early next year but were still trading close to the level last seen before the...
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.