Western Alliance BancorporationNYSE
Mon, Oct. 24, 8:50 AM
Sun, Oct. 23, 5:30 PM
Thu, Jul. 21, 4:52 PM
Wed, Jul. 20, 5:35 PM
Mon, Jun. 27, 10:16 AM
- No financial name will be immune to the downside from rates lower for longer post-Brexit, says Ken Usdin, but KeyCorp (KEY -3.8%) could fare better than peers. The lender, he says, is less needful of higher rates, less sensitive to the energy sector, and has the positive catalyst of the First Niagara purchase (expected to close in Q3). He reiterates a Buy rating and $14.50 price target (vs. current $10.58).
- Ken Usdin ranks #922 out of #3,980 analysts on TipRanks.
- The price action in Signature Bank (SBNY -3.1%) looks overdone, says Casey Haire, thanks to bank's attractive relative valuation, weak asset sensitivity profile and strong organic loan prospects. He maintains a Buy rating and $162 price target (vs. current $118).
- Also overdone is the action is Western Alliance Bancorp (WAL -3.4%), he says, noting the bank has been planning for a lower for longer rate policy. He maintains a Buy and $42 PT (vs. current $30.41).
- Casey Haire ranks #133 on TipRanks.
Tue, May 24, 9:38 AM
- Worried about Fed rate hikes pushing the greenback up higher? Focus on growing companies deriving at least 80% of sales from the U.S., says Jefferies' Steven DeSanctis.
- He notes the dollar peaked on Jan. 20, and sectors with big overseas exposure have outperformed since. However, with higher interest rates looking like they might send the dollar back into an uptrend, it's time to refocus on companies less reliant on exports.
- DeSanctis and team identified 27 small- and mid-cap companies that were: In the Russell 2500 and Buy-rated by Jefferies, have less than 20% of sales outside of U.S., "sit in the highest two quintiles" based on ROE, and have market values north of $2B.
- Of that group, they picked ten showing the highest growth of sales per share (though a tie brought the total to 11): Paycom Software (NYSE:PAYC), Lithia Motors (NYSE:LAD), Centene Corp. (NYSE:CNC), Molina Healthcare (NYSE:MOH), Five Below (NASDAQ:FIVE), Mednax (NYSE:MD), Western Alliance Bancorp (NYSE:WAL), Signature Bank (NASDAQ:SBNY), KAR Auction (NYSE:KAR), Science Applications (NYSE:SAIC), and Urban Outfitters (NASDAQ:URBN).
Mon, Apr. 25, 7:05 AM
- GE closes the sale of GE Capital's Franchise Finance to Western Alliance Bancorp (NYSE:WAL). The deal includes about $1.3B in ending net investment and the majority of the operation's employees.
- The sale releases about $200M of capital, and GE Capital believes it's on track to send up about $35B in dividends to its parent.
- Now read: General Electric Investors Seek Value, But Won't Get Any At $31 A Share (April 24)
Sun, Apr. 24, 6:13 PM
- via Credit Suisse, in order of # of small-cap funds who own the stock. Following the stock is the number of funds who own it, and the change vs. previous quarter:
- IDTI - Integrated Device Tech 96 | 14
- MSCC - Microsemi 86 | 10
- MANH - Manhattan Associates 85 | 5
- CBM - Cambrex 80 | 4
- EEFT - Euronet Worldwide 80 | 8
- POR - Portland General Electric 79 | 0
- EME - Emcore 78 | 6
- LAD - Lithia Motors 78 | 6
- AMSG - Amsurg 78 | 0
- JCOM - J2 Global 77 | 4
- PFPT - Proofpoint 77 | 4
- AHS - AMN Healthcare 74 | 2
- EXPR - Express Inc. 74 | 3
- ICUI - ICU Medical 73 | 0
- LGND - Ligand Pharma 73 | 6
- PVTB - Privatebancorp 73 | -2
- PRXL - Parexel 72 | 5
- AEL - Americal Equity Investment Life 71 | 3
- TYL - Tyler Technologies 71 | 7
- CRZO - Carrizo Oil & Gas 69 | 3
- MENT - Mentor Graphics 69 | -9
- MNRO - Monro Muffler Brake 68 | 0
- WAL - Western Alliance Bancorp 68 | 8
- AEO - American Eagle Outfitters 67 | 0
- LOGM - Logmein 67 | -1
- OZRK - Bank of the Ozarks 67 | 5
- SHOO - Steven Madden 67 | -10
- STE - Steris 67 | 20
- WNC - Wabash National 67 | -1
- Credit Suisse recommends reducing exposure in small-cap "darlings" due to less opportunity for differentiation; historical underperformance; and outflows.
Thu, Apr. 21, 5:15 PM
- Western Alliance (NYSE:WAL): Q1 EPS of $0.60 beats by $0.04.
- Revenue of $157.8M (+45.0% Y/Y) misses by $6.53M.
Wed, Apr. 20, 5:35 PM
Tue, Mar. 29, 6:43 PM
- GE agrees to sell GE Capital's U.S. hotel franchise loan portfolio to a unit of Western Alliance Bancorp (NYSE:WAL) for an undisclosed sum.
- GE also will sell to an unnamed buyer its business that provides financing to Canada's hospitality and restaurant industries.
- Ending net investment, an in-house metric GE uses to measure the size of its financial operations, totals ~$1.4B for the U.S. business and ~$300M for the Canada business.
- The businesses represent a large portion of GE Capital's franchise finance unit, which is the last North American business to be sold as part of the plan to reduce the size of GE Capital.
Thu, Jan. 21, 5:04 PM
- Western Alliance (NYSE:WAL): Q4 EPS of $0.57 beats by $0.03.
- Revenue of $152.82M (+38.2% Y/Y) misses by $6.06M.
Wed, Jan. 20, 5:35 PM
Oct. 15, 2015, 5:45 PM
- Western Alliance (NYSE:WAL): Q3 EPS of $0.53 beats by $0.07.
- Revenue of $151.23M (+45.0% Y/Y) beats by $1.73M.
Oct. 14, 2015, 5:35 PM
Jul. 27, 2015, 8:38 AM
- Western Alliance (NYSE:WAL): Q2 EPS of $0.39 misses by $0.07.
- Revenue of $106.53M (+6.9% Y/Y) misses by $11.14M.