Western Alliance Bancorporation Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St.08-06

Western Alliance Bancorporation (NYSE:WAL) Second Quarter 2024 ResultsKey Financial Results Revenue: US$734.7m (up 14% from 2Q 2023). Net income: US$190.4m (down 10% from 2Q 2023). Profit margin: 26% ...

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Net income: US$190.4m (down 10% from 2Q 2023). Profit margin: 26% ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/banks/nyse-wal/western-alliance-bancorporation/news/western-alliance-bancorporation-second-quarter-2024-earnings-1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WAL","symbol_name":"阿莱恩斯西部银行","start_time":0,"source_url":"https://simplywall.st/stocks/us/banks/nyse-wal/western-alliance-bancorporation/news/western-alliance-bancorporation-second-quarter-2024-earnings-1","article_id":"2457080301","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7013000-choice1-main-header/1585186561056"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457080301","pubTimestamp":1722886442,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Western Alliance Bancorporation ( NYSE:WAL ) Second Quarter 2024 Results Key Financial Results Revenue: US$734.7m (up...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WAL":"阿莱恩斯西部银行","WALA":"Western Alliance Bancorporation"},"translate_title":"西部联盟银行2024年第二季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WALA":1,"WAL":0.9},"content_text":"Western Alliance Bancorporation (NYSE:WAL) Second Quarter 2024 ResultsKey Financial Results Revenue: US$734.7m (up 14% from 2Q 2023). Net income: US$190.4m (down 10% from 2Q 2023). Profit margin: 26% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. EPS: US$1.75 (down from US$1.96 in 2Q 2023).  NYSE:WAL Earnings and Revenue Growth August 5th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Western Alliance Bancorporation Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 4.6%.  Earnings per share (EPS) also surpassed analyst estimates by 2.7%.      Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US.    Performance of the American Banks industry.  The company's shares are down 8.9% from a week ago.   Risk Analysis You should learn about the   1 warning sign  we've spotted with Western Alliance Bancorporation. Valuation is complex, but we're here to simplify it.Discover if Western Alliance Bancorporation might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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