Revenue Update on Western Alliance Bancorporation(NYSE:WAL)

Western Alliance Bancorporation(NYSE:WAL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $172.25M. Analysts estimated a revenue of $179.98M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.61.

Western Alliance Bancorporation (WAL) made into the market gainers list on Wednesdays trading session with the shares advancing 0.03% or 0.01 points. Due to strong positive momentum, the stock ended at $34.53, which is also near the day’s high of $35. The stock began the session at $35 and the volume stood at 3,65,337 shares. The 52-week high of the shares is $39.11 and the 52 week low is $26.6. The company has a current market capitalization of $3,574 M and it has 10,35,10,488 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Marianne Boyd Johnson (director) sold 5,000 shares at $37.76 per share price.Also, On Jun 7, 2016, Donald D Snyder (director) sold 15,000 shares at $37.09 per share price.On Jun 7, 2016, Patricia A Taylor (EVP, Chief Risk Officer) sold 5,078 shares at $37.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of deposits lending treasury management and online banking products and services through its banking subsidiary Western Alliance Bank (the Bank). The Company’s segments are Arizona Nevada Southern California Northern California Central Business Line (CBL) and Corporate & Other. Its Arizona Nevada and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers including commercial real estate (CRE) loans construction and land development loans commercial loans and consumer loans through the Bank and its banking divisions and operating subsidiaries. It offers a range of deposit products including checking accounts money market accounts and other types of deposit accounts such as fixed-rate and fixed maturity retail certificates of deposit.

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