Western Alliance Bancorporation (NYSE: WAL) has reported earnings for its third fiscal quarter (ending September 30) of $1.81 versus $1.97 for the same period a year ago — a decline of -8%. This result fell short of the consensus estimate of $1.89 by $-0.08. For the latest four quarters through September 30, E.P.S. were $6.50 versus $7.90 for the same period a year ago — a decline of -18%.
Recent Price Action
Western Alliance Bancorporation (NYSE: WAL) stock enjoyed a large increase of 2.4% on 10/17/24. The stock closed at $93.92. Moreover, trading volume in this advance was unusually high at 154% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.1% 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 highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Western Alliance Bancorporation has a very high Appreciation Score of 89 and a very high Power Rating of 95, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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