Western Alliance Bancorp rises after Q3 profit beats estimates

Western Alliance Bancorporation

22/10/2025 14:53

** Regional lender Western Alliance Bancorp's WAL.N shares rise 1.4% to $77.31

** Late Tuesday, WAL beat profit expectations as higher interest income and mortgage banking revenue offset an increase in rainy day funds

** WAL stock took a beating last week after the bank said it had initiated a lawsuit against borrower Cantor Group for failing to provide collateral on loans in the first position

** Jefferies analyst David Chiaverinis says WAL delivered a solid quarter and credit quality improved aside from the previously disclosed alleged fraud

** "Credit appears healthy and posturing on other possible exposures seems to convey limited to no loss content," Citi analyst Benjamin Gerlinger says

** "Given the outsized level of fear already weighing on the shares, we shares likely rebounding and outpacing peers today," Gerlinger adds

** 15 of 16 brokerages rate the stock "buy" or higher and one "sell"; median PT $101 - data compiled by LSEG

** As of last close, WAL stock down 8.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))