guantanamo
2023-07-24

$Western Alliance(WAL)$ simply put, a bank of this scale never fails - bailouts will always be prioritised by the fed!

regional banks like these take the pressure off of central banking institutions, and as such they are invaluable in creating liquidity and access despite internet banking.

the stability of regional financial institutions is very high in demand, especially in the wake of failed systems like crypto (though we undoubtedly will see highs appearing soon again).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • RandyHall
    2023-07-25
    RandyHall

    wow... one of the best trades ive done this year, im at an average of about $24. well over 100% on this one. at a PE of 6 i still cant see myself selling even a portion of my position.

  • PSG2010
    2023-07-25
    PSG2010

    WAL reached $46.83 after earnings, and the calls went from $2.20 (when I wrote this article) to $6.90, resulting in a beautiful 3.10X gain!

  • SiongZ
    2023-07-25
    SiongZ

    The WALpa preferreds have been moving up along with WAL. If WALpa breaks 16 and holds it will be looking at a 20 price target {if earnings continue to hold up}. The bigger dividend is a plus on the preferreds along with more secure payment of. Looking for 16 support level to hold with a 20 price target to the upside, plus the dividend.

  • 0billionaire
    2023-07-25
    0billionaire

    The rampant short selling in the sector needs to be checked this month, all of the regional banks are manipulated lower because of it.

  • CharlesBaker
    2023-07-25
    CharlesBaker

    Check it out. WAL is over $50.

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