Western Alliance: Solid Q4 With Growth Momentum Building (Upgrade)

Core Viewpoint - Western Alliance Bancorporation (WAL) has underperformed in the market over the past year, with a 7% decline in share price despite strong deposit growth, raising investor concerns about potential credit losses [1] Company Performance - The company has experienced significant deposit growth, which is a positive indicator for its financial health [1] - However, the cautious sentiment among investors is attributed to fears of credit losses, given the company's relatively light exposure in this area [1]