For its second fiscal quarter (ending June 30), Western Alliance Bancorporation (NYSE: WAL) has reported a -11% decline in E.P.S. from $1.96 a year ago to $1.75 in the current quarter. Relative to the consensus estimate of $1.72, this was a premium of $0.03. For the latest four quarters through June 30, E.P.S. were $6.66 compared to $8.36 a year ago — a decline of -20%.
Recent Price Action
Western Alliance Bancorporation (NYSE: WAL) stock declined by -3.1% on 7/18/24. The shares closed at $71.08. Moreover, this decline was accompanied by exceptionally high trading volume at 257% of normal. The stock has been strong relative to the market over the last nine months and has risen 11.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WAL 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 complementary signals from two proprietary PTR measures of a stock’s attractiveness. Western Alliance Bancorporation has a slightly positive Power Rating of 70 and a very high Appreciation Score of 94, leading to the Highest Value Trend Rating.
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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