Western Alliance Bancorporation (WAL)

NYSE: WAL · IEX Real-Time Price · USD
76.72
+5.64 (7.93%)
At close: Jul 19, 2024, 4:00 PM
76.75
+0.03 (0.04%)
After-hours: Jul 19, 2024, 7:56 PM EDT
7.93%
Market Cap 8.45B
Revenue (ttm) 2.74B
Net Income (ttm) 744.80M
Shares Out 110.11M
EPS (ttm) 6.86
PE Ratio 11.18
Forward PE 9.81
Dividend $1.48 (1.93%)
Ex-Dividend Date May 15, 2024
Volume 3,263,350
Open 72.60
Previous Close 71.08
Day's Range 72.29 - 78.27
52-Week Range 38.81 - 78.27
Beta 1.45
Analysts Strong Buy
Price Target 72.93 (-4.94%)
Earnings Date Jul 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]

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 15 analysts, the average rating for WAL stock is "Strong Buy." The 12-month stock price forecast is $72.93, which is a decrease of -4.94% from the latest price.

Price Target
$72.93
(-4.94% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Western Alliance Bancorporation Reports Second Quarter 2024 Financial Results

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

1 day 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.

9 days 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...

24 days 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,...

4 weeks 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: FCXNYCBSBUX
2 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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

Western Alliance Bancorporation Reports First Quarter 2024 Financial Results

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

3 months ago - Business Wire

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.

3 months ago - Business Wire

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 ...

3 months ago - Business Wire

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 ...

4 months ago - Business Wire

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.

Other symbols: EWBCFHN
4 months ago - Market Watch

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 ...

Other symbols: EWBCWBS
4 months ago - CNBC Television

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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.

Other symbols: NYCBKREMTBZION
6 months ago - Barrons

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...

Other symbols: EWBCMTBNYCBVLYZION
6 months ago - Investopedia

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.

6 months ago - Business Wire

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.

6 months ago - Business Wire

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...

7 months ago - Business Wire

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.

Other symbols: BPOPFHNOZK
7 months ago - Market Watch

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...

Other symbols: KBEKEYRFTFC
7 months ago - Reuters

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.

Other symbols: EWBC
8 months ago - Market Watch

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...

9 months ago - Business Wire

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. "...

9 months ago - Business Wire