WAL - Western Alliance Bancorporation: Rosy Earnings Outlook But Stock Price Is High

• Macroeconomic factors like low interest rates and improvement in the unemployment rate will likely drive loan growth.
• The margin will likely face pressure from several factors, including the low-interest-rate environment and limited cost-reduction opportunities.
• The year-end target price suggests a small downside from the current market price. Further, Western Alliance is offering a low dividend yield.

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