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Western Alliance Is Up Almost 80% This Year -- and It May Not Be Done

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Western Alliance Is Up Almost 80% This Year -- and It May Not Be Done

A combination of record-low interest rates and strong demand for homes with rising prices means burgeoning loan books for banks. Smaller regional banks grew markedly in 2020, and Western Alliance Bancorporation (NYSE: WAL) was among the best performers.

Since the pandemic lows in March last year, the stock has more than quadrupled, on account of significant loan and deposit growth for the full year 2020. The momentum flowed through to the first quarter of 2021, but it needs to continue in order to maintain the stock's current earnings multiple. So far, the signs are there.

Image source: Getty Images.

Source Fool.com

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