Regional Strength Lifts Western Alliance
The American West holds a lot of appeal to many people around the world, and from a business perspective, the region has seen extremely favorable times recently. Western Alliance Bancorporation (NYSE: WAL) serves its home state of Arizona as well as key markets in California and Nevada, and by emphasizing important niches within the lending industry, Western Alliance has stood out from the crowd and has opportunities many financial institutions can only wish for.
Coming into the bank's third-quarter financial report, Western Alliance shareholders fully expected that their company would be able to sustain the positive momentum it had built up throughout the first part of the year. The results that the regional bank reported show the strength of the area and point to good prospects ahead for Western Alliance. Let's take a closer look at how Western Alliance did and whether it can continue to do well in the years to come.
Image source: Western Alliance.
Source: Fool.com
Western Alliance Bancorporation Stock
The stock is one of the favorites of our community with 34 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 73 € is below the current price of 73.36 € for Western Alliance Bancorporation, so the potential is actually -0.49%.
