WAL Stock Recent News

Western Alliance Bancorp has rebounded strongly, with shares up 67% over the past year, driven by improved balance sheet flexibility and high-quality deposit growth. Western Alliance's net interest margins have improved due to a favorable liability mix and potential for further optimization of its interest-earning asset base. The bank's credit quality remains strong with limited consumer credit exposure and a well-capitalized position, despite a slight increase in provisions.

WAL has outperformed the S&P 500 by 22% since my last buy rating. Loan portfolio and non-interest-bearing deposits grew in Q2 2024, leading to improved profitability. Further price appreciation is expected due to growth drivers, low P/TBV per share compared to historical values.

Western Alliance Bancorporation WAL posted upbeat quarterly results, after the closing bell on Thursday.

Western Alliance Bancorporation (NYSE:WAL ) Q2 2024 Earnings Conference Call July 19, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione - President & CEO Dale Gibbons - CFO Timothy Bruckner - Chief Banking Officer Conference Call Participants Jared Shaw - Barclays Steven Alexopoulos - J.P. Morgan Ebrahim Poonawala - Bank of America Brandon King - Truist Securities Timur Braziler - Wells Fargo Matthew Clark - Piper Sandler Bernard Von Gizycki - Deutsche Bank Christopher McGratty - KBW Samuel Varga - UBS Jon Arfstrom - RBC Operator Good day, everyone.

The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western Alliance (WAL) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $1.96 per share a year ago.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Second Quarter 2024 Earnings Release Date, Conference Call and Webcast.

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.

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, who brings more than 25 years of banking experience, will expand the bank's commercial banking focus throughout California's Central Valley. A lifelong resident of the Central Valley, he is based in Fresno. “We are extremely happy to welcome Leo to the Western Alliance Bank team as a key advisor t.

Western Alliance Bancorporation reported better-than-expected earnings for Q1'24. Strong net interest income results drove the bank's earnings. Deposit balance increased by almost 31%, and high-cost borrowings declined by 61%.