Washington FederalNASDAQ: WAFD

WAFD is well-poised for growth amid high rates, decent loan demand and LBC acquisition. However, a rising expense base and worsening asset quality remain major challenges.

WaFd (WAFD) completes the divestiture of its CRE loan portfolio. The sale bolsters the company's liquidity profile amid the high interest rate regime.

SEATTLE--(BUSINESS WIRE)---- $wafd #wafdbank--Washington Federal Bank ("WaFd Bank" or the "Bank"), the wholly owned subsidiary of WaFd, Inc. (Nasdaq: WAFD) (the "Company"), today announced the consummation of the sale of approximately $2.8 billion of multifamily commercial real estate loans (“CRE”) to Bank of America, which in turn is selling the loans to funds managed by Pacific Investment Management Company LLC (“PIMCO”). To our knowledge, this represents the largest non-FDIC assisted CRE loan sale ever. The sal.

WaFd (WAFD) reported earnings 30 days ago. What's next for the stock?

WaFd (WAFD) is selling 2,000 commercial multi-family real estate loans to Bank of America for $2.9 billion.

Washington Federal Bank, a subsidiary of WaFd, has announced that it will be selling a portfolio of commercial multi-family real estate loans to Bank of America for approximately $2.9 billion.

Bank of America Corporation (BofA) plans to buy Washington Federal Bank's commercial multi-family real estate loans portfolio worth $3.2 billion. This was disclosed by Washington Federal, Inc. (WaFd), the parent company of Washington Federal Bank, in a regulatory filing on Friday.

WAFD has revealed a new stock buyback program allowing the purchase of a maximum of 10 million shares.

Strong interest rates, consistent loan requests, the acquisition of Luther Burbank, a healthy balance sheet, and good liquidity are expected to bolster WAFD, although challenges persist with asset quality and high expenses.