WAFD Stock Recent News
WAFD LATEST HEADLINES
WaFd's (WAFD) fiscal second-quarter earnings beat estimates on the back of higher revenues and loan balance. However, high costs and provisions turn out to be headwinds.
Besides Wall Street's top -and-bottom-line estimates for WaFd (WAFD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
WaFd (WAFD) 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.
New York Community Bancorp (NYCB) will receive a $1 billion rescue from a group of investors led by former US Treasury Secretary Steven Mnuchin. The bank absorbed some of the assets of the failed Signature Bank, taking on billions in loans that subjected them to tighter regulatory standards.
WAFD benefits from growth in revenues and loan balance as well as high interest rates. Yet, mounting operating expenses and poor asset quality are major near-term headwinds.
The merger deal between WaFd (WAFD) and Luther Burbank (LBC) receives all necessary regulatory approvals. The transaction will close on Feb 29.
WaFd (WAFD) reported earnings 30 days ago. What's next for the stock?
A decline in NII and higher provisions hurt WaFd, Inc.'s (WAFD) fiscal Q4 earnings. Lower expenses and a marginal rise in loan balance offer some support.
The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Washington Federal shares have been largely flat in the two years since I initially covered the bank, with that mainly coming as a result of recent turbulence in the industry. The bank faces the same headwinds as peers. Funding costs are up, net interest income is down, and asset quality is bound to deteriorate to some degree from here. As a result, and near-term uncertainty notwithstanding, these shares now look much cheaper than they did a couple of years ago.