Western Alliance (WAL) Earnings Top Estimates as DA Davidson Reaffirms Buy

1 day ago 2

Sheryar Siddiq

Tue, February 3, 2026 astatine 4:49 AM CST 1 min read

Western Alliance Bancorporation (NYSE:WAL) ranks among the mid-cap stocks to bargain according to apical investors. While retaining a Buy standing connected Western Alliance Bancorporation (NYSE:WAL), DA Davidson accrued its terms people for the company’s shares from $104 to $105 connected January 29. The revision comes aft Western Alliance’s quarterly results, which, according to DA Davidson, somewhat exceeded projections connected a pretax basis. A little taxation complaint for the 4th backed an improved after-tax beat.

The institution raked successful an EPS of $2.59, which was greater than the expected $2.39, resulting successful an 8.37% surprise. Revenue besides topped projections, reaching $980.9 cardinal vs the estimated $913.4 million.

DA Davidson regarded Western Alliance’s archetypal 2026 projection to beryllium successful favour of its above-average EPS estimate, citing robust top-line gross maturation and beardown year-over-year operating leverage. The steadfast besides emphasized Western Alliance’s efforts to trim non-performing plus (NPA) levels during the archetypal fractional of the year, which it expects would beryllium favorably accepted by investors.

Western Alliance Bancorporation (NYSE:WAL) is simply a slope holding institution for Western Alliance Bank, offering a scope of banking services for businesses and individuals.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.