WAL - Western Alliance's Remarkable Loan Growth To Drive Earnings
Western Alliance Bancorporation's (WAL) loan portfolio is expected to continue to grow at a double digit rate, which would drive earnings this year. The positive impact of loan growth on the bottom-line may be partly offset by net interest margin compression following the three Fed rate cuts. Increase in operating expenses as a consequence of balance sheet growth is also likely to limit earnings growth this year.
Overall, I'm expecting WAL's net income to grow by 4% year over year in 2020. The market does not appear to have priced-in the prospects of