2024-07-23 10:04:15 ET
Summary
- WAL has outperformed the S&P 500 by 22% since my last buy rating.
- Loan portfolio and non-interest-bearing deposits grew in Q2 2024, leading to improved profitability.
- Further price appreciation is expected due to growth drivers, low P/TBV per share compared to historical values.
In my last article on Western Alliance ( WAL ), I highlighted my optimistic view on this bank's 2024, and it turned out to be correct: since the publication of the article, WAL has outperformed the S&P500 by about 22%....
Read the full article on Seeking Alpha
For further details see:
Western Alliance: A Flawless Quarterly From Multiple Perspectives