Western Alliance Bancorporation (WAL)
Financials · Regional Banks · NYSE
A commercially-focused bank holding company providing specialized financial services to businesses and mortgage market participants.
What Western Alliance Bancorporation does
Western Alliance Bancorporation is a bank holding company that provides a full range of banking products and services primarily to businesses, professionals, and high-net-worth individuals. Through its primary subsidiary, Western Alliance Bank, and other divisions like AmeriHome Mortgage and Bridge Bank, the company offers commercial lending, treasury management, mortgage services, and specialized financial solutions.
Themes: commercial banking, mortgage finance, commercial real estate (CRE) lending, treasury management
Fundamentals
- Price$75.50 as of 2026-10-08 close
- Market cap$8.2B as of 2026-07-28 (share count; price 2026-10-08)
- 1-year return-8.3% 2025-10-08 close $82.35 → 2026-10-08 close $75.50
- P/E8.36 as of 2026-10-08
- Net margin+713.5% FY2025, SEC XBRL
- ROE+12.7% FY2025, SEC XBRL
- Debt / equity0.33 as of 2026-09-02
- Revenue growth (YoY)+69.9% as of 2026-09-02
- Revenue CAGR (3y)+45.5% SEC XBRL
- Beta1.46 as of 2026-09-02
- Last reported earnings2026-07-21 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.1%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How WAL compares in its sector
- price-to-earnings ratiobottom 25% 513 covered Financials peers, as of 2026-10-08
- net profit margintop 10% 344 covered Financials peers, as of 2026-09-02
- return on equitymiddle range 559 covered Financials peers, as of 2026-09-02
- 3-year revenue CAGRtop 10% 347 covered Financials peers
- indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-02
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
WAL is not currently in any published Top 10 list. Its scores are below.
Top 10 score
65.1 #101 of 1,379 scored · #44 of 220 in Financials
Growth 97th (revenue growth year over year 69.9%, 3-year revenue CAGR 45.5%) and valuation 90th (price to book 1.1, price to earnings 8.4); weakest is trend (30th, a "death cross" — its 50-day average is below its 200-day).
Never in this list — passed over at the rebalances below
- Not selected 18 Aug 2026 despite rank 23: Financials already holds 4 of 10 (sector cap).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which WAL reported a dividend payment is FY2024, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2024 ratio would not describe WAL today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2024) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How Western Alliance Bancorporation looks technically
Western Alliance Bancorporation (WAL) is trading 6.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 32 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 29, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 2 trading days ago. It is 22.3% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 6.7% below its 200-day average, the long-term trend line — a long-term downtrend | -6.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $79.11 | $79.11 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $80.91 | $80.91 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 34 calendar days ago — the swings before that are what the structure reading is measured on | 34 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 81.39. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 32 trading days ago — a "death cross", a bearish long-term signal | 32 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 29, with sellers in control | 29.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30) | 41.8 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($72.61 to $79.69) — its "stochastic" reading is 41 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 40.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 15 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $97.23 | $97.23 |
|---|---|---|
| From the 52-week high | it is 22.3% below its 52-week high (its highest price of the past year) | -22.4% |
| Above the 52-week low | it is 14.7% above its 52-week low (its lowest price of the past year) | +14.7% |
| Below the 52-week high | it is 22.3% below its highest point of the past year | 22.4% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $124.93 (set on 2022-01-12) | $124.93 |
| Given back of the 52-week move | over the past year its closes ranged ($66.70 to $96.08), and it has recovered roughly a quarter of its fall from last year’s high — 30% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $84.86 to $85.80. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 29.9% |
| From the all-time high | it is 39.6% below its all-time high | -39.6% |
| Nearest price level | it is trading 2.3% below a resistance level at $77.24 — a price it turned at six times since 2025-01-10, most recently on 2026-09-01. Since 2024-10-08 it has 3 such levels below the current price and 8 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.3% |
| All-time low | its lowest closing price on record is $2.99 (set on 2009-11-11) | $2.99 |
| Above the all-time low | it is 2425.1% above its all-time low | +2,425% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 54th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.10 between its high and its low — about 2.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.10 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $73.94 and $80.12 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $73.94 – $77.03 – $80.12 |
| Typical daily range (% of price) | its price moves about 2.8% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.8% |
| Stretch from the 200-day average | it is trading 2.6 daily ranges below its 200-day average price (6.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.6 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.20× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.9% since the prior reading | -0.9% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a hammer | 1 session ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 1 session ago |
|---|---|---|
| Since a bullish engulfing | today it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | today |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 1.1% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.1% |
|---|---|---|
| Gap filled | a 3.7% gap up opened on 2026-09-17 has been "filled" 14 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close | 14 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.6 percentage points (the stock lost 5.6% while the market gained 1.0%) | -6.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 7.9 percentage points (the stock lost 4.1% while the market gained 3.8%) | -7.9% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 14.1 percentage points (the stock gained 3.3% while the market gained 17.5%) | -14.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 23.3 percentage points (the stock lost 8.3% while the market gained 15.0%) | -23.3% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 5.7% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.6% of the share price, which is taken to mean a barrier that gives way easily. | -5.7% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $80.13 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -5.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% below the average price paid since it last reported on 2026-07-21 (its 8-K), so the typical buyer over that stretch is under water. That average is $79.26 — a volume-weighted average of daily closes over 57 sessions, not a true tick-by-tick VWAP. | -4.7% |
Price levels it has turned at before
WAL last closed at $75.50 on 2026-10-08. Since 2024-10-08 it has turned at 3 prices below its last close and 8 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $77.24 | Resistance | 2.3% above the last close | turned there six times · 2025-01-10 to 2026-09-01 |
| $73.59 | Support | 2.5% below the last close | turned there three times · 2025-08-01 to 2026-05-15 |
| $71.70 | Support | 5.0% below the last close | turned there twice · 2025-03-11 to 2025-04-23 |
| $80.62 | Resistance | 6.8% above the last close | turned there 13 times · 2024-10-21 to 2026-09-16 |
| $70.14 | Support | 7.1% below the last close | turned there twice · 2025-05-23 to 2025-06-18 |
| $82.27 | Resistance | 9.0% above the last close | turned there three times · 2024-12-20 to 2026-01-02 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $81.39.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $67.75 and $72.96 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $81.39.
This reading has stood for 19 trading days, since 2026-09-14.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · lagging the market · Printed a bullish engulfing pair · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.81 mean, 1=Strong Buy…5=Strong Sell) — 16 analysts
- Mean price target$91.75 range $84.00 – $97.00; median $93.00
Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for WAL
- Consensus EPS estimate$2.44 next reporting period, as of 2026-10-07
- Estimate change, 30 days-$0.0071 (-0.3%) from $2.45, on 2026-09-02, 35-day window
- Readings revised upward0% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Credit risk associated with its commercial real estate and commercial lending portfolios.","Interest rate risk impacting net interest margin and asset valuation.","Liquidity and deposit concentration risks, particularly related to uninsured deposit levels."]
What changed in the latest 10-Q
AI-assisted comparison of WAL's 10-Q filed 2026-05-11 against the prior one filed 2025-11-03.
Management's Discussion & Analysis (MD&A)
- Added:
- Added reference to year ended December 31, 2025 in opening sentence (newer filing, filed 2026-05-11)
- Added reference to quarter ended March 31, 2026 in Forward-Looking Information section (newer filing, filed 2026-05-11)
- Added risk factor 31: 'emerging external focus among regulators and other officials related to risks in connection with the development and use of artificial intelligence' (newer filing, filed 2026-05-11)
- Added risk factor regarding 'the outcome of legal proceedings regarding the Cantor Group V, LLC loan and the Leucadia Asset Management LLC loan, the amount of funds and/or collateral that may be available for repayment of such loans, and any adverse economic or other events impacting the collateral, borrower or guarantors with respect to such loans' (newer filing, filed 2026-05-11)
- Removed:
- Removed reference to year ended December 31, 2024 in opening sentence (older filing, filed 2025-11-03)
- Removed reference to quarter ended September 30, 2025 in Forward-Looking Information section (older filing, filed 2025-11-03)
- Removed specific CRE percentages (29% and 30% at September 30, 2025 and December 31, 2024) and owner-occupied percentages (14% and 16%) from CRE Exposure section (older filing, filed 2025-11-03)
- Removed the standalone risk factor regarding 'any adverse determination by a court regarding the Cantor Group V loan' (older filing, filed 2025-11-03)
- Reworded:
- Changed 'customer behavior' to 'depositor behavior' in risk factor 1 (older filing said 'customer behavior', newer filing says 'depositor behavior', filed 2026-05-11)
- Renumbered technological risks: older filing had risk 30 as 'failure to comply with state and federal banking agency laws and regulations' and risk 29 as 'ability to adapt to technological change'; newer filing moved 'ability to adapt to technological change' to 29, added 'technological risks and developments and cyber threats, attacks or events' as new 30, 'emerging external focus among regulators and other officials related to risks in connection with the development and use of artificial intelligence' as new 31, and 'failure to comply with state and federal banking agency laws and regulations' became 32 (filed 2026-05-11)
- Notes:
- The CRE Exposure section text is truncated in both filings; comparison of that section is incomplete
- Risk factor numbering shifted in newer filing due to insertion of new artificial intelligence risk factor
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 3 sells ($4M) — 2 selling insiders
Most recent open-market transaction: 2026-06-09. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about WAL's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for WAL from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
5 institutional 13F filers reported holding WAL as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 19,740,735
- Reported value $1,622,688,525
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about WAL's institutional holders → See what each manager we track holds →
Short interest (FINRA)
WAL had 5,974,409 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
WAL had 5.48% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.4 days to cover at the same settlement.
- Reported short interest (shares) 5,974,409
- Short interest (% of shares outstanding) 5.48%
- Prior settlement (shares) 5,650,274
- Reported change 5.74%
- Days to cover (reported) 6.4
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Zions Bancorporation (ZION)
- Comerica (CMA)
- East West Bancorp (EWBC)
- PacWest Bancorp (PACW)
- Synovus Financial (SNV)
- First Citizens BancShares (FCNCA)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Western Alliance Bancorporation (WAL) do?
Western Alliance Bancorporation is a bank holding company that provides a full range of banking products and services primarily to businesses, professionals, and high-net-worth individuals. Through its primary subsidiary, Western Alliance Bank, and other divisions like AmeriHome Mortgage and Bridge Bank, the company offers commercial lending, treasury management, mortgage services, and specialized financial solutions.
What sector is Western Alliance Bancorporation (WAL) in?
Western Alliance Bancorporation (WAL) is classified in the Financials sector. Its industry is Regional Banks. It trades on NYSE.
Does WAL pay a dividend?
Yes — Western Alliance Bancorporation (WAL) pays a dividend, with an indicated yield of about 2.14% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-02). Informational only — not financial advice.
Who are Western Alliance Bancorporation's (WAL) competitors?
Notable peers of Western Alliance Bancorporation (WAL) include Zions Bancorporation, Comerica, East West Bancorp, PacWest Bancorp and Synovus Financial. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in WAL?
Yes — we hold 2 matched STOCK Act disclosures for WAL from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Western Alliance Bancorporation (WAL) overbought or oversold right now?
Western Alliance Bancorporation (WAL) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 42, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on WAL come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.