These Analysts Boost Their Forecasts On Western Alliance After Upbeat Earnings
These Analysts Boost Their Forecasts On Western Alliance After Upbeat Earnings
Western Alliance Bancorporation (NYSE:WAL) posted upbeat quarterly results, after the closing bell on Thursday.
週四晚收盤後，Western Alliance Bancorporation（紐交所：WAL）發佈了樂觀的季度業績報告。
Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from Benzinga Pro.
西部聯盟銀行報告的季度每股收益爲1.75美元，超過分析師共識的1.71美元每股收益。根據來自Benzinga Pro的數據，該公司季度銷售額爲77180萬美元，超過分析師共識的73764萬美元。
"Western Alliance delivered strong second quarter results featuring robust net interest income growth, gathering loan momentum, and sustained deposit generation," said Kenneth A. Vecchione, President and Chief Executive Officer. "With balance sheet repositioning actions completed, our focus is rededicated to generating safe, sound risk-adjusted growth supported by an enhanced liquidity profile and sturdy capital base. We achieved net income of $193.6 million and earnings per share of $1.75 for the second quarter 2024, which resulted in a return on tangible common equity1 of 14.3%. Capital generation continued to improve as pre-provision net revenue grew 22% linked quarter annualized excluding the impact of the FDIC special assessment.. Tangible book value per share1 climbed 13.2% year-over-year to $48.79 with a CET1 ratio of 11.0%."
“Western Alliance的第二季度業績表現強勁，利息淨收入增長強勁，貸款勢頭強勁，存款繼續保持增長，”總裁兼首席執行官肯尼斯·維基恩說。“完成資產負債表再平衡行動後，我們的重點是重新致力於產生安全、穩健的風險調整後的增長，支持更加穩健的流動性和穩固的資本基礎。我們實現了19360萬美元的淨利潤和每股收益1.75美元，這導致有形普通股淨資產回報率1爲14.3%。資本生成繼續改善，除去聯邦存款保險公司特別評估的影響，淨預備金收入環比年化增長22%。有形股權價值1每股上漲了13.2%，達到48.79美元，CET1資本充足率爲11.0%。”
Western Alliance shares gained 7.9% to close at $76.72 on Friday.
週五，Western Alliance股票上漲7.9%，收於76.72美元。
These analysts made changes to their price targets on Western Alliance following the announcement.
這些分析師在公告後修改了他們對Western Alliance的目標股價。
- Piper Sandler analyst Matthew Clark maintained Western Alliance with an Overweight rating and raised the price target from $76 to $93.
- Barclays analyst Jared Shaw maintained the stock with an Overweight rating, while increasing the price target from $86 to $92.
- 派傑投資的分析師馬修·克拉克維持Western Alliance爲超配，將目標股價從76美元提高至93美元。
- 巴克萊銀行的分析師賈裏德·肖維持超配評級，同時將目標股價從86美元提高至92美元。
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