Western Alliance Bancorporation (NYSE: WAL) has reported earnings for its first fiscal quarter (ending March 31) of $1.60 versus $1.28 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.86 versus $8.79 for the same period a year ago.
Recent Price Action
Western Alliance Bancorporation (NYSE: WAL) stock closed at $55.74 on 4/18/24 after a modest gain of 0.5%. However, below average trading volume at 82% of normal accompanied the advance. The stock has declined -2.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WAL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Western Alliance Bancorporation has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Western Alliance Bancorporation has a very high Power Rating of 90 and a very high Appreciation Score of 95, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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