With many insurance companies seeing pretty rich valuations right now, I have recently been scouring the ranks of less overbought financial firms looking for good opportunities. Perhaps my favorite pick from the banking list right now is a little known west coast bank named Western Alliance Bancorporation (NYSE:WAL). The firm has a heavy presence in Arizona, Nevada (especially Las Vegas), and California. Wait though… before you give up on the firm like most investors have at the mere mention of these recession-wracked regions, here me out.
The southwestern US was the hardest hit area of the country during the recession, and a lot of areas, like Vegas are still recovering. But they are recovering, and while the vast...
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