Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada It operates in Commercial, Consumer Related, and Corporate & Other segments.
infoWestern Alliance Bancorporation is a mid cap stock with a total market cap of 5.35B.
infoThey trade on the NYSE and had their IPO 18 years and 1 month ago.
infoWestern Alliance Bancorporation currently employs 3336 people.
infoAs of Wednesday, Aug 23 2023, Western Alliance Bancorporation’s share price is $48.86.
News Relating to Western Alliance Bancorporation
Zacks Investment Research
U.S. Banks Fall at the Prospect of Another Ratings Downgrade
Wednesday Aug 16 2023 at 11:00
Investors turn bearish on JPMorgan (JPM), Bank of America (BAC), Comerica (CMA), Western Alliance (WAL) & KeyCorp (KEY) as banks brace for another ratings downgrade, this time from the Fitch.
The Motley Fool
Why Western Alliance Bancorp Stock Surged 42% in July
Monday Aug 07 2023 at 11:05
Western Alliance plummeted during the banking meltdown in March, but it had been on more solid footing than most. The second quarter showed gains in deposits, loans, revenue, net income, and liquidity compared to Q1.
The Motley Fool
Western Alliance Bank’s Safe and Sound Growth Strategy in the Wake of Regional Bank Failures
Wednesday Aug 02 2023 at 06:50
Management started positioning the bank for a harsh economic environment in the second half of 2022. It has built up a significant cushion to absorb potential losses.
Market Watch
15 value-stock picks for momentum investors from a money manager who has outperformed the S&P 500 for 30 years
Tuesday Jul 25 2023 at 12:35
During the first five months of 2023, there were investors who had difficulty believing in a sustained stock-market rally because the action was dominated by the largest technology companies. But the breadth of participation in the rally has expanded since then.
The Motley Fool
Western Alliance Has Moved On From the Regional Banking Crisis
Sunday Jul 23 2023 at 06:45
Like many midsize bank, Western Alliance was rattled by the failures of several regional banks earlier this year. The second quarter was a transitional period.
Yahoo Finance
Regional bank stocks appearing more secure after earnings
Friday Jul 21 2023 at 17:20
Yahoo Finance’s Myles Udland and Seana Smith discuss regional bank stocks following earnings and the regional bank crisis.
Investopedia
Shares of regional lenders surge as deposits stabilize
Friday Jul 21 2023 at 16:25
Despite mixed second-quarter results, shares of regional lenders surged this week as their deposits stabilized after high-profile bank failures earlier this year.
Market Watch
PacWest, Western Alliance stocks rise, while KeyCorp loses ground
Thursday Jul 20 2023 at 07:31
PacWest Bancorp stock was up 3% in premarket trades on Thursday, as upward momentum continued with most bank stocks.
Seeking Alpha
Western Alliance Bancorporation (WAL) Q2 2023 Earnings Call Transcript
Wednesday Jul 19 2023 at 21:08
Western Alliance Bancorporation (NYSE:WAL ) Q2 2023 Earnings Conference Call July 19, 2023 12:00 PM ET Company Participants Miles Pondelik – Director, Investor Relations and Corporate Development Ken Vecchione – President and CEO Dale Gibbons – Chief Financial Officer Tim Bruckner – Chief Credit Officer Conference Call Participants Ben Gerlinger – Hovde Group Casey Haire – Jefferies Bernard von-Gizycki – Deutsche Bank Steven Alexopoulos – JPMorgan Chris McGratty – KBW David Chiaverini – Wedbush Timur Braziler – Wells Fargo Gary Tenner – D.A. Davidson Ebrahim Poonawala – Bank of America Jon Arfstrom – RBC Brody Preston – UBS David Smith – Autonomous Research Operator Good day, everyone.
Market Watch
PacWest, Western Alliance, United Community Banks stocks lose ground in premarket
Wednesday Jul 19 2023 at 08:22
PacWest Bancorp PACW, +8.50% is down 0.3% as one of the most active stocks in premarket trades on Wednesday with volume of 164,000 shares, according to the MarketWatch Premarket Screener. PacWest is due to report its second-quarter results on July 25, with analysts currently expecting a loss of 66 cents a share for the bank, according to FactSet data.
Zacks Investment Research
Western Alliance (WAL) Misses Q2 Earnings Estimates
Tuesday Jul 18 2023 at 19:35
Western Alliance (WAL) came out with quarterly earnings of $1.96 per share, missing the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $2.39 per share a year ago.
Zacks Investment Research
Western Alliance (WAL) Reports Q2 Earnings: What Key Metrics Have to Say
Tuesday Jul 18 2023 at 19:35
Although the revenue and EPS for Western Alliance (WAL) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Market Watch
Western Alliance stock falls more than 5% after bank narrowly misses profit expectations, but says it is on track to ‘return to normal’
Tuesday Jul 18 2023 at 16:51
Shares of Western Alliance Bancorp. WAL, +8.13% dropped more than 5% in the extended session Tuesday after the Phoenix bank narrowly missed quarterly per-share earnings expectations but assured investors it had bolstered its liquidity.
Seeking Alpha
Western Alliance Bancorp: All Eyes On Q2 – Key Metrics To Watch
Monday Jul 17 2023 at 09:12
Western Alliance Bancorporation is set to release its Q2 earnings report on July 18th, with key metrics to watch including deposits, asset rebalancing, and net interest margin (NIM). Analysts’ projections for WAL’s Q2 2023 results suggest a contraction in sales by about 4.3%, and in EPS by about 18%. Heading into Q2, I expect no negative surprises concerning the company’s liquidity and solvency. However, there might be challenges in terms of NIM and earnings.
Business Wire
Western Alliance Bancorporation Announces Second Quarter 2023 Earnings Release Date, Conference Call and Webcast
Tuesday Jul 11 2023 at 11:30
PHOENIX–(BUSINESS WIRE)–Western Alliance Bancorporation Announces Second Quarter 2023 Earnings Release Date, Conference Call and Webcast.
Market Watch
Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates
Monday Jul 10 2023 at 18:01
JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis.
Yahoo Finance
Regional bank crisis: ‘We welcome more regulation’, says Western Alliance CFO
Sunday Jun 25 2023 at 09:00
This segment originally aired on June 23, 2023. The banking sector is still filling in the cracks left by the collapse of Silicon Valley Bank and other regional banks.
The Motley Fool
This Regional Bank Is Going to Surprise the Skeptics
Wednesday Jun 14 2023 at 10:30
Western Alliance was caught up in the regional bank contagion. Deposits have settled down, however, and the shares are inexpensive.
Benzinga
Rising From The Ashes: 5 Undervalued Regional Bank Stocks Poised Growth As Industry Rebounds – East West Bancorp (NASDAQ:EWBC), Western Alliance (NYSE:WAL), Zions Bancorp (NASDAQ:ZION), Huntington Bancshares (NASDAQ:HBAN), Columbia Banking System (NASDAQ:COLB), SPDR S&P Regional Banking ETF (ARCA:KRE)
Wednesday Jun 07 2023 at 09:50
Regional bank stocks are gradually emerging from the crisis that struck the industry in March 2023.
Seeking Alpha
Western Alliance: The Banking Crisis Is Likely Over, Buy The Preferreds
Saturday Jun 03 2023 at 06:34
Western Alliance Bancorporation is a core consideration for investors looking to ride the post-crisis recovery. The bank’s Series A preferred shares offer a 7.34% yield and are trading at a 42% discount to their $25 par value. Strong deposit growth and the Fed pausing interest rate hikes would likely signal that the banking crisis has come to an end.
Benzinga
Trading Regional Banks – Is The Crisis Really Over?
Wednesday May 31 2023 at 11:01
Heading into Wednesday’s trading session, regional banks continue to look incredibly vulnerable from the short side and any weakness should be aggressively pounced upon by traders. Since putting in multi-year lows on May 11, the SPDR S&P Regional Banking ETF KRE has rallied into the end of the month, moving from ~$36.00 to close just above $40.00 on Tuesday.
The Motley Fool
Michael Burry Is Set to Rake in More Than $1 Million in Annual Dividend Income From These 4 Stocks
Sunday May 28 2023 at 07:30
In the first quarter, Burry loaded up on bank stocks amid upheaval in the banking industry. Banks are known for having good dividends.
Market Watch
Regional bank crisis may be far from over, experts warn
Thursday May 25 2023 at 14:44
The stock-market panic over the regional banks has subsided for now, but experts say that regulators should remain focused on shoring up the stability of the sector amid economic headwinds that could persist for years to come.
Yahoo Finance
PacWest, Western Alliance send regional bank stocks higher
Tuesday May 23 2023 at 10:39
Exante Data Inc. Founder and CEO Jens Nordvig joins Yahoo Finance Live to discuss the rise of PacWest and Western Alliance stocks after announcing the sale of real estate and the banking sector’s outlook amid system failures.
Yahoo Finance
PacWest, Western Alliance, Zions: Regional bank stocks trend higher
Monday May 22 2023 at 14:39
Yahoo Finance Live’s Rachelle Akuffo checks out shares of PacWest, Western Alliance, and Zions as regional bank stocks are trend higher.
The Motley Fool
Why Comerica Stock Climbed 22.5% This Week
Friday May 19 2023 at 13:07
Some good news in the banking industry helped boost Comerica this week. The stock remains down more than 40% YTD.
Barrons
Western Alliance, KeyCorp Fall as Report Says Yellen Notes More Bank Mergers May Be Needed
Friday May 19 2023 at 12:55
Treasury Secretary Janet Yellen told bank chief executives that more bank mergers may be necessary, according to a report from CNN.
Yahoo Finance
Regional bank stocks rise, Morgan Stanley stock dips amid CEO succession news
Friday May 19 2023 at 11:34
Yahoo Finance Live’s Julie Hyman breaks down the rise in regional bank stocks, Morgan Stanley CEO stepping down within the next year, and the company’s stock movement.
Bloomberg Markets and Finance
KBW CEO Says More Bank Laws Aren’t Needed in Wake of SVB
Thursday May 18 2023 at 17:40
KBW President and CEO Tom Michaud discusses the industry implications of the recent bank crisis with Romaine Bostick on “Bloomberg Markets: The Close.” Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.
Market Watch
Fitch downgrades PacWest, Western Alliance debt to junk status
Thursday May 18 2023 at 13:16
Credit rating agency Fitch Ratings on Thursday said it downgraded its long-term issuer default ratings for PacWest Bancorp PACW, +8.90% to BB+ from BBB-. Fitch also cut its rating on Western Alliance Bancorp WAL, +1.09% to BBB- from BBB+, and also downgraded the debt of Trustmark Corp. TRMK, -0.45% to BBB from BBB+.
Western Alliance Bancorporation Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Western Alliance Bancorporation’s Altman Z-score is 0.3 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Western Alliance Bancorporation Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in Western Alliance Bancorporation.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Western Alliance Bancorporation’s Income Quality of 2.16 is greater than its Industry Group of 1.3 (66.2% greater)
Western Alliance Bancorporation’s Income Quality of 2.16 is greater than its Major Industry Group of 1.32 (63.6% greater)
Western Alliance Bancorporation’s Income Quality of 2.16 is greater than its Sector of 0.58 (272.4% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Western Alliance Bancorporation’s Current Ratio of 2.69 is lower than its Industry Group of 8.8 (-69.4% lower)
Western Alliance Bancorporation’s Current Ratio of 2.69 is lower than its Major Industry Group of 9.67 (-72.2% lower)
Western Alliance Bancorporation’s Current Ratio of 2.69 is greater than its Sector of 1.3 (106.9% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Western Alliance Bancorporation’s PE Ratio of 5.85 is lower than its Industry Group of 7.82 (-25.2% lower)
Western Alliance Bancorporation’s PE Ratio of 5.85 is lower than its Major Industry Group of 8.01 (-27.0% lower)
Western Alliance Bancorporation’s PE Ratio of 5.85 is lower than its Sector of 7.86 (-25.6% lower)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Western Alliance Bancorporation’s PB Ratio of 0.94 is greater than its Industry Group of 0.58 (62.1% greater)
Western Alliance Bancorporation’s PB Ratio of 0.94 is greater than its Major Industry Group of 0.36 (161.1% greater)
Western Alliance Bancorporation’s PB Ratio of 0.94 is greater than its Sector of 0.72 (30.6% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Western Alliance Bancorporation’s ROE of 0.16 is greater than its Industry Group of 0.08 (100.0% greater)
Western Alliance Bancorporation’s ROE of 0.16 is greater than its Major Industry Group of 0.02 (700.0% greater)
Western Alliance Bancorporation’s ROE of 0.16 is greater than its Sector of 0.04 (300.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Western Alliance Bancorporation’s ROCE of 0.03 is greater than its Industry Group of 0.02 (50.0% greater)
Western Alliance Bancorporation’s ROCE of 0.03 is greater than its Major Industry Group of 0.02 (50.0% greater)
Western Alliance Bancorporation’s ROCE of 0.03 is greater than its Sector of 0.02 (50.0% greater)
Derived from SEC.GOV filing dataopen_in_new