Western Alliance Bancorporation (WAL) Stock

Lower interest rates will increase the demand for mortgages and raise revenue for mortgage banking. However, these rate cuts may also put pressure on the net interest margin. While the housing market and low borrowing costs are positive for loan growth, the job markets in WAL's key states are facing challenges, which is concerning. I predict an earnings per share (EPS) of $6.88 for 2024, a 5% increase, and $8.10 for 2025, an 18% rise.

Western Alliance Bancorporation (NYSE:WAL) will hold its Q3 2024 Earnings Conference Call on October 18, 2024, at 12:00 PM ET. The call will feature company representatives including Miles Pondelik, Kenneth Vecchione, and Dale Gibbons. Various analysts from major financial institutions will also participate in the discussion.

Western Alliance Bancorporation (WAL) announced its third-quarter earnings on Thursday, which showed a mix of results.

The main figures for Western Alliance (WAL) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Western Alliance (WAL) reported quarterly earnings of $1.80 per share, which is lower than the Zacks Consensus Estimate of $1.90 per share. This is also a decrease from the earnings of $1.97 per share from the same period last year.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation has announced its financial results for the third quarter of 2024.

Western Alliance (WAL) lacks the right mix of the two important factors needed for a potential earnings surprise in its next report. Be ready with the main expectations.

Western Alliance Bancorp has made a strong recovery, with its shares rising by 67% in the last year, thanks to better balance sheet flexibility and growth in high-quality deposits. The bank's net interest margins have improved due to a good mix of liabilities and the possibility of further enhancing its interest-earning assets. Additionally, the bank maintains strong credit quality with low consumer credit risk and a solid capital position, even though there has been a small rise in provisions.

Western Alliance Bancorporation WAL posted upbeat quarterly results, after the closing bell on Thursday.