Western Alliance Bancorporation (WAL) Stock Price & Analysis
Western Alliance Bancorporation (WAL) closed at USD 76.67 on Thursday, October 22, 2026, up 1.48% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 75.55; the Oct 22, 2026 session ranged USD 75.22–77.11 on volume of 1,157,480 shares. Market capitalization is $8.36B, with a 52-week range of USD 65.82–97.23 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WAL.md
Key facts (WAL)
- Last four reported quarters (through Jun 30, 2026): revenue $3.93B, net income $983M (25.0% margin) (SEC filings).
- Valuation: P/E 8.5x (avg 10.3x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold WAL (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (15 analysts), mean target USD 89.69 (range 84–96).
- Total return with dividends: 1Y +1.5% vs S&P 500 +14.9%; 5Y -30.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-19, EPS estimate USD 2.5, revenue estimate $980M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WAL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.95B | $2.54B | $2.62B | $3.16B | $3.54B | $3.93B |
| Net income | $899M | $1.06B | $722M | $788M | $969M | $983M |
| EPS (diluted) | $8.67 | $9.70 | $6.54 | $7.09 | $8.73 | — |
| Net margin | 46.0% | 41.6% | 27.6% | 24.9% | 27.3% | 25.0% |
| Revenue growth | +57.8% | +30.1% | +3.1% | +20.7% | +12.0% | — |
| Cash + short-term investments | $516M | $1.04B | $1.58B | $4.10B | $3.60B | — |
| Total debt | $1.50B | $6.30B | $7.23B | $5.57B | $5.24B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WAL)
P/E 8.5x · P/S 2.1x · P/B 1.1x · Earnings yield 11.76% · Buyback yield (TTM) 1.44%
P/E at fiscal year-ends: Dec 2025 9.5x, Dec 2024 11.6x, Dec 2023 9.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (WAL)
1 of 80 tracked investors hold WAL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 0.81% | $3.4M | Reduced -24.4% |
Analysts (WAL)
Consensus Buy (mean 2.00 on a 1–5 scale), 15 analysts; mean target USD 89.69 (low 84, high 96).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Stephens & Co. | Target lowered | Overweight | $94 → $88 |
| 2026-10-21 | Keefe, Bruyette & Woods | Target lowered | Outperform | $92 → $90 |
| 2026-10-21 | JP Morgan | Target lowered | Neutral | $90 → $85 |
| 2026-10-09 | RBC Capital | Target lowered | Outperform | $95 → $93 |
| 2026-10-09 | Truist Securities | Target lowered | Buy | $93 → $84 |
| 2026-10-05 | Barclays | Target raised | Overweight | $88 → $93 |
| 2026-10-05 | TD Cowen | Target lowered | Hold | $90 → $85 |
| 2026-10-01 | JP Morgan | Target lowered | Neutral | $93 → $90 |
| 2026-09-30 | Wells Fargo | Target lowered | Equal-Weight | $90 → $84 |
| 2026-09-22 | Citigroup | Target lowered | Buy | $98 → $95 |
| 2026-09-22 | Raymond James | Initiated | Outperform | $90 |
| 2026-08-10 | Wells Fargo | Target raised | Equal-Weight | $79 → $90 |
Total return (dividends reinvested) (WAL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +1.5% | -30.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.5% | -6.9% |
| Volatility (annualized) | 32.6% | 53.0% |
| Max drawdown | -30.3% (Feb 2026→Mar 2026) | -77.3% (Jan 2022→May 2023) |
WAL company outlook (results filed Oct 19, 2026)
- “Net charge-offs declined 7 basis points quarterly to 0.30%, the midpoint of our 2026 guidance range.”
Quoted word-for-word from the SEC 8-K results press release.
WAL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $2.50 | $2.67 | -6.2% | $980.5M | 13 |
| Next quarter (ends Mar 2027) | $2.40 | $2.57 | -6.7% | $994.6M | 9 |
| Current fiscal year (ends Dec 2026) | $8.75 | $9.12 | -4.0% | $3.99B | 13 |
| Next fiscal year (ends Dec 2027) | $10.74 | $11.35 | -5.4% | $4.17B | 13 |
WAL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 34.1% | ±7.9% |
| Dec 18, 2026 | 56 | 33.1% | ±10.5% |
| Jan 15, 2027 | 84 | 32.9% | ±12.7% |
| Mar 19, 2027 | 147 | 34.7% | ±17.5% |
| May 21, 2027 | 210 | 34.8% | ±20.9% |
| Jun 17, 2027 | 237 | 35.5% | ±22.6% |
| Aug 20, 2027 | 301 | 36.2% | ±25.8% |
| Nov 19, 2027 | 392 | 36.9% | ±29.7% |
30-day implied volatility 32.3% vs 22.8% realized over the last 30 trading days. Put/call ratio (volume) 2.09. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 76.67 |
|---|---|
| Change | ▲ 1.48% (up) |
| Previous Close | USD 75.55 |
| Open | USD 74.68 |
| Day Range | USD 75.22 – 77.11 |
| 52-Week Range | USD 65.82 – 97.23 |
| Volume | 1,157,480 shares |
| Market Cap | $8.36B |
| Exchange | NYQ |
Technical Analysis (WAL)
Nexqual's technical model rates WAL "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 51.27 (neutral) |
| vs SMA50 | Below (USD 77.63) |
| MACD | -0.75 (negative) |
Analyst Ratings (WAL)
Wall Street analysts rate WAL "Buy" based on 15 analysts, with a mean price target of USD 89.69 (range USD 84–96), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 89.69 |
| High Target | USD 96 |
| Low Target | USD 84 |
| Buy / Hold / Sell | 11 / 4 / 0 |
Earnings (WAL)
| Next Earnings Date | 2026-10-19 |
|---|---|
| EPS Estimate | USD 2.5 |
| Revenue Estimate | $980.49M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 2.34 vs est 2.43 ▼ miss |
| 2026-06-30 | USD 2.28 vs est 2.35 ▼ miss |
| 2026-03-31 | USD 1.25 vs est 1.36 ▼ miss |
| 2025-12-31 | USD 2.51 vs est 2.37 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (WAL)
| Total Revenue | $3.49B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +13.60% |
| Gross Margin | +0.00% |
| Operating Margin | +39.36% |
| Profit Margin | +28.20% |
| ROE | +13.02% |
| Total Cash | $6.50B |
| Total Debt | $7.56B |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (WAL)
Nexqual rates Western Alliance Bancorporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Net margin 27% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: State Commercial Banks) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: State Commercial Banks) |
| Efficiency | Mixed — ROE 13%, ROA 1.1% |
Ownership (WAL)
| Insider Ownership | +2.66% |
|---|---|
| Institutional Ownership | +92.51% |
| Shares Outstanding | 109.10M |
| Float | 101.95M |
| Short % of Float | +5.86% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (WAL)
Western Alliance Bancorporation is led by Kenneth A. Vecchione, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 10:38 UTC.
| Chairman, President & CEO | Kenneth A. Vecchione |
|---|---|
| Vice Chairman and Chief Banking Officer, Deposit Initiatives & Innovation | Dale M. Gibbons |
| Chief Financial Officer | Vishal Idnani |
Major Backers & Investors (WAL)
Notable institutional backers of Western Alliance Bancorporation include Price (T.Rowe) Associates Inc, Invesco, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 5.79% |
| Invesco | 5.38% |
| AQR Capital Management, LLC | 4.72% |
| Wellington Management | 4.02% |
| AIM Sector Funds (Invesco Sector Funds)-Invesco Small Cap Value Fund | 3.79% |
| Davis Asset Management, L.P. | 3.06% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.34% |
| Vanguard Group | 9.27% |
| State Street | 3.91% |
| Dimensional Fund Advisors | 3.69% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Legal & Regulatory Risks from Western Alliance Bancorporation's Latest 10-K (filed 2026-02-23)
- We operate in a highly regulated environment and the laws and regulations that govern our operations, corporate governance, executive compensation, and accounting principles, or changes in them, or our failure to comply with them, may adversely affect us.
- Compliance with laws and regulations can be difficult and costly, and changes to laws and regulations often impose significant additional compliance costs.
- Regulations addressing consumer privacy and data use and security could increase our costs and impact our reputation.
- We could be subject to adverse changes or interpretations of tax laws, tax audits, or challenges to our tax positions.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BBD | Banco Bradesco Sa | USD 3.95 | ▼ 2.47% |
| FITB | Fifth Third Bancorp | USD 53.23 | ▲ 0.8% |
| DB | Deutsche Bank AG | USD 31.48 | ▼ 2.39% |
| TFC | Truist Financial Corporation | USD 48.42 | ▲ 1.45% |
| NWG | NatWest Group plc | USD 16.99 | ▼ 2.3% |
| NU | Nu Holdings Ltd. | USD 14.73 | ▼ 2.13% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
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