Western Alliance Bancorporation (NYSE: WAL) stock closed at $96.10 on 11/6/24 after a major increase of 13.6%. Moreover, exceptionally high trading volume at 208% of normal accompanied the advance. The stock has risen 14.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 90 and a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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