Western Alliance Bancorporation (WAL) shares are trading lower in after-hours trading following the release of their third-quarter financial results. The company reported earnings that missed analysts’ expectations despite exceeding revenue estimates. This article provides a detailed breakdown of the key highlights from the report, including net interest income, loan and deposit growth, and asset quality.
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.
