RBC Capital analyst Jon Arfstrom maintains $Western Alliance Bancorp (WAL.US)$ with a buy rating, and adjusts the target price from $109 to $105.
According to TipRanks data, the analyst has a success rate of 57.0% and a total average return of 15.1% 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:
As regional banks approach the Q4 earnings season, it's anticipated that the fundamental trends for the quarter will be characterized by negligible growth in loans and deposits, a slight decline in net intercessor margins, and stable credit trends overall. Looking past the immediate earnings results, the focus is likely to shift towards the banks' outlooks for 2025, which are expected to reflect the current perspective of a 'higher for a bit longer' interest rate environment. Analysts maintain a positive stance on regional bank stocks for 2025, although their optimism is somewhat moderated by expectations of the Federal Reserve's less aggressive approach to rate cuts.
Given recent shifts in the rate environment and economic outlook, alongside increased optimism due to the incoming U.S. administration, the emphasis in upcoming discussions will likely center on 2025 forecasts. While anticipating solid Q4 results for the sector, the near-to-medium term perspective on deposit betas, net interest margins, and growth potentials remain crucial topics of discussion. Primary adjustments in models mostly encompass slight modifications in margin assumptions and somewhat reduced near-term loan growth expectations.
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