Western Alliance: Solid Growth And Cheap Valuation (Rating Upgrade)

Gary Yeowell Western Alliance Bancorporation (NYSE:WAL) reported better than expected earnings for the first fiscal quarter on April 19, 2024. The regional bank posted almost flat net interest income year over year for Q1'24 due to a rapid repayment of outstanding borrowings that Western Alliance took on during last year's crisis in the regional banking market. The bank's deposits are also showing healthy growth, and the bank's latest consolidation provides a new entry opportunity for investors. With shares ...