Western Alliance Bancorporation (NYSE: WAL) is one of the largest regional banking companies in the United States with over $90 billion in assets. Its primary subsidiary, Western Alliance Bank (Member FDIC), operates as a national commercial bank serving businesses across more than 30 industries and sectors. The company's diversified business model spans commercial and industrial lending, commercial real estate, residential mortgage banking (including origination, sale, and servicing), fund banking, lender finance, specialty escrow services, corporate trust, HOA banking, and digital consumer banking. Its mortgage banking platform generates significant origination volume with a servicing portfolio of approximately $75.7 billion in unpaid principal balance. The company also utilizes credit-linked note transactions to transfer portions of credit risk on reference loan pools. Western Alliance serves clients nationwide through offices across the country and has been consistently ranked among the top-performing U.S. banks by American Banker and Bank Director since 2016. Updated
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U.S. markets traded higher before Tuesday's opening bell, after posting small gains on Monday. More earnings reports from big banks and other closely watched companies are coming this week.
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Shares of regional banks took a beating on Monday, but, having survived the day, appeared to be making a partial recovery in premarket trading on Tuesday.
The U.S. Treasury Department and the Federal Reserve took decisive steps to prevent the collapse of two banks from turning into a bank run. Equities were showing some positive effects early Monday.
Western Alliance Bancorporation (NYSE: WAL) is one of the largest regional banking companies in the United States with over $90 billion in assets. Its primary subsidiary, Western Alliance Bank (Member FDIC), operates as a national commercial bank serving businesses across more than 30 industries and sectors.
What is the WAL stock price target?
24/7 Wall St.'s 12-month price target for WAL is $95.47, rated Buy. The Wall Street consensus target is $90.81. WAL price prediction →