Brokerage Firm Rating Update on Western Alliance Bancorporation (WAL)

Western Alliance Bancorporation (WAL) : 4 brokerage houses believe that Western Alliance Bancorporation (WAL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Western Alliance Bancorporation (WAL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Western Alliance Bancorporation (WAL) stock is expected to deviate a maximum of $1.65 from the average target price of $42.13 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $44 and the most muted being $40.


For the current week, the company shares have a recommendation consensus of Buy.

Western Alliance Bancorporation (NYSE:WAL): The stock opened at $37.1 and touched an intraday high of $37.42 on Wednesday. During the day, the stock corrected to an intraday low of $36.56, however, the bulls stepped in and pushed the price higher to close in the green at $37.24 with a gain of 0.11% for the day. The total traded volume for the day was 770,072. The stock had closed at $37.2 in the previous trading session.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of deposits, lending, treasury management, and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Companys segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL) and Corporate & Other. Its Arizona, Nevada, and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers, including commercial real estate (CRE) loans, construction and land development loans, commercial loans and consumer loans, through the Bank and its banking divisions, and operating subsidiaries. It offers a range of deposit products, including checking accounts, money market accounts and other types of deposit accounts, such as fixed-rate and fixed maturity retail certificates of deposit.

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