Western Alliance (WAL) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $1.91 per share a year ago.
Get a deeper insight into the potential performance of Western Alliance (WAL) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rate cuts will boost mortgage demand and lift mortgage banking revenue. However, rate cuts will likely also pressure the net interest margin. The housing markets and low borrowing costs bode well for loan growth. However, the job markets in WAL's main states are struggling, which bodes ill. I'm estimating an EPS of $6.88 for 2024 (up 5%) and $8.10 for 2025 (up 18%).
Western Alliance Bancorporation (NYSE:WAL ) Q3 2024 Earnings Conference Call October 18, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione - President & CEO Dale Gibbons - CFO Conference Call Participants Ebrahim Poonawala - Bank of America Christopher McGratty - KBW Jared Shaw - Barclays Matthew Clark - Piper Sandler Bernard Von Gizycki - Deutsche Bank Timur Braziler - Wells Fargo Anthony Elian - JPMorgan Gary Tenner - D.A. Davidson Samuel Varga - UBS Jon Arfstrom - RBC Brandon King - Truist Securities Operator Hello, everyone, and a warm welcome to the Western Alliance Bancorporation Q3 2024 Earnings Call.
Western Alliance Bancorporation WAL reported mixed earnings for its third quarter on Thursday.
The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Western Alliance (WAL) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.97 per share a year ago.
Evaluate the expected performance of Western Alliance (WAL) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Western Alliance Bancorp has rebounded strongly, with shares up 67% over the past year, driven by improved balance sheet flexibility and high-quality deposit growth. Western Alliance's net interest margins have improved due to a favorable liability mix and potential for further optimization of its interest-earning asset base. The bank's credit quality remains strong with limited consumer credit exposure and a well-capitalized position, despite a slight increase in provisions.
WAL has outperformed the S&P 500 by 22% since my last buy rating. Loan portfolio and non-interest-bearing deposits grew in Q2 2024, leading to improved profitability. Further price appreciation is expected due to growth drivers, low P/TBV per share compared to historical values.