Western Alliance Bancorporation

WAL

US9576381092

Banks

Market Closed - Nyse Other stock markets 04:00:02 2024-05-28 pm EDT			5-day change	1st Jan Change
63.07 ^USD	+0.17%		-2.50%	-4.13%

Apr. 24	Western Alliance Bancorporation Announces Paul Galant and Dr. Sung Won Sohn Are Not Standing for Re-Election to the Board of Directors	CI
Apr. 24	Inspire Investing Submits a Shareholder Proposal to Western Alliance Bancorporation	CI

Western Alliance Bancorporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 18, 2024 at 04:14 pm EDT

Western Alliance Bancorporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 598.9 million compared to USD 609.9 million a year ago. Net income was USD 177.4 million compared to USD 142.2 million a year ago.

Diluted earnings per share from continuing operations was USD 1.6 compared to USD 1.28 a year ago.

Latest news about Western Alliance Bancorporation

Western Alliance Bancorporation Announces Paul Galant and Dr. Sung Won Sohn Are Not Standing for Re-Election to the Board of Directors	Apr. 24	CI
Inspire Investing Submits a Shareholder Proposal to Western Alliance Bancorporation	Apr. 24	CI
Western Alliance Bancorporation Announces Board Appointments	Apr. 24	CI
Barclays Adjusts Western Alliance Bancorporation Price Target to $86 From $91, Maintains Overweight Rating	Apr. 23	MT
DA Davidson Cuts Western Alliance Bancorporation's Price Target to $78 From $85, Keeps Buy Rating	Apr. 22	MT
Keefe, Bruyette & Woods Adjusts Price Target on Western Alliance Bancorporation to $74 From $79, Maintains Outperform Rating	Apr. 22	MT
RBC Trims Price Target on Western Alliance Bancorp to $76 From $78, Keeps Outperform Rating	Apr. 22	MT
Truist Cuts Price Target on Western Alliance Bancorp to $75 From $80, Keeps Buy Rating	Apr. 22	MT
Transcript : Western Alliance Bancorporation, Q1 2024 Earnings Call, Apr 19, 2024	Apr. 19
Wedbush Lowers Price Target on Western Alliance Bancorp to $70 From $75, Keeps Outperform Rating	Apr. 19	MT
Western Alliance Bancorporation Q1 EPS, Revenue Rise	Apr. 18	MT
Earnings Flash (WAL) WESTERN ALLIANCE BANCORPORATION Posts Q1 Revenue $728.8M, vs. Street Est of $705.9M	Apr. 18	MT
Western Alliance Bancorporation Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2024	Apr. 18	CI
Western Alliance Bancorporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 18	CI
Wells Fargo Adjusts Price Target on Western Alliance Bancorporation to $68 From $72, Keeps Equalweight Rating	Apr. 10	MT
US Regional Banks Likely to Show Consistent Trends in Q1 as Margins Near Trough Levels, RBC Says	Apr. 09	MT
JPMorgan Cuts Price Target on Western Alliance Bancorporation to $85 From $90, Maintains Overweight Rating	Apr. 04	MT
Bowyer Research Files a Notice of Exempt Solicitation to Western Alliance Bancorporation	Mar. 28	CI
Western Alliance Bancorporation Appoints Paulina Woo as Senior Director	Feb. 13	CI
Western Alliance Bancorporation Declares Quarterly Cash Dividend, Payable on March 1, 2024	Feb. 06	CI
Regional Bank Stocks Slide Further After New York Community Bancorp Challenges	Feb. 01	DJ
Wells Fargo Downgrades Western Alliance Bancorporation to Equalweight From Overweight, Price Target is $72	Jan. 30	MT
Deutsche Bank Adjusts Western Alliance Bancorporation Price Target to $62 From $57, Maintains Hold Rating	Jan. 29	MT
RBC Lifts Price Target on Western Alliance Bancorp to $78 From $74 on 'Increased Earnings Visibility,' Keeps Outperform Rating	Jan. 29	MT
Western Alliance Bancorp's Deposit Costs, Mortgage Banking to Benefit From Lower Rates, Wedbush Says	Jan. 26	MT

Chart Western Alliance Bancorporation

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Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly owned banking subsidiary, Western Alliance Bank (WAB). WAB operates through five full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank. The Company also provides a range of specialized financial services to business customers across the country, including mortgage banking services through AmeriHome and treasury management services to the homeowner's association sector, and digital payment services for the class action legal industry. It has two non-bank subsidiaries, such as CS Insurance Company (CSI) and Western Alliance Trust Company, N.A. (WATC). CSI is a captive insurance company. WATC provides corporate trust services and levered loan administration solutions.

Sector

Banks

Calendar

2024-06-11 - Annual General Meeting

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Ratings for Western Alliance Bancorporation

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

63.07 USD

Average target price

75.38 USD

Spread / Average Target

+19.51%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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