RBC Capital analyst Jon Arfstrom maintains $Western Alliance Bancorp (WAL.US)$ with a buy rating, and adjusts the target price from $87 to $99.
According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 15.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Western Alliance Bancorp (WAL.US)$'s main analysts recently are as follows:
Expectations for the regional banks' Q3 earnings suggest fundamental trends will reflect recent observations, with net interest margins largely unchanged, modest loan growth, strong deposit growth, and stable credit trends. Moving past this quarter, anticipated changes in monetary policy and shifts in the yield curve are likely to convert previous industry challenges into positive drivers in future periods.
As the Federal Reserve transitions to an easing monetary policy, Western Alliance is considered to be well placed to take advantage of a potential series of rate cuts. Even without assuming a robust growth in mortgages, there is a belief that should the mortgage origination landscape experience a notable improvement, Western Alliance stands to gain substantially, offering an attractive boost to earnings.
Note:
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