Western Alliance Bancorporation with ticker code (WAL) now have 13 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 163 and 123 by calculating the average target price we have 144.46. Together with the stock’s previous close at 107.03, this would indicate that there is 35.0% upside potential. There is a 50 day moving average of 111.05 and the 200 day moving average is 104.62. The market cap of the company is $10,148 million. Visit the company’s website at: https://www.westernalliancebancorporation.com
The potential market capitalization would be $13,697 million based on market consensus.
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Western Alliance Bancorporation operates as a bank holding company for Western Alliance Bank which provides various banking products and related services primarily in Arizona, California and Nevada. It operates in two segments, commercial and consumer. The Company offers deposit products, including checking, savings and money market accounts, as well as certificates of deposit accounts with fixed rates and fixed maturities; and cash management and residential mortgage products and services. It also offers commercial and industrial lending products, such as working capital lines of credit, inventory and accounts receivable lines, warehouse mortgage lines, equipment and plant loans and leases. other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, shopping malls, hotels and other commercial properties; construction and land development loans for single and multi-family residential projects, industrial/warehouse properties, office buildings, shopping malls, medical practices and residential land development; and consumer loans. In addition, the Company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, safe deposit box, courier and cash management services. In addition, it holds certain investment securities, municipal and not-for-profit loans and leases; invests primarily in low-income housing tax credits and small business investment companies; and holds certain real estate loans and related securities. The company operates 38 branches, as well as loan origination offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.