Western Alliance Bancorp (WAL) Soars After Earnings Beat

Western Alliance Bancorp (WAL) has impressed investors with a 3% stock surge following its earnings report on April 18th. The bank exceeded expectations with a 3.61% surprise on EPS and a 4.56% surprise on revenue. JPMorgan analyst Steven Alexopoulos maintains an Overweight rating on the stock, citing the company’s strong growth potential and attractive valuation. Alexopoulos believes that Western Alliance is well-positioned for continued success in 2024 and 2025.

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