WAL - Western Alliance: My Top Buy With Significant Upside As Uncertainty Recedes
2023-04-10 08:00:00 ET
Summary
- The regional banking crisis has caused Western Alliance's share price to crash, but the fog of uncertainty will soon be lifted.
- I expect that there will be no depository issues, net interest margin will remain strong, and that the loan book will be very resilient.
- The market is waiting for clarity via Q1 results. I expect a significant recovery in the share price over the next 6 months with +100% in potential upside.
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Western Alliance: My Top Buy With Significant Upside As Uncertainty Recedes