Is Western Alliance Bancorporation (WAL) One of the Top Bank Stocks to Buy Now According to Analysts?
Western Alliance Bancorporation (NYSE:WAL) is one of the top bank stocks to buy now according to analysts
Wall Street has a consensus Moderate Buy rating on Western Alliance Bancorporation (NYSE:WAL). A total of 41 hedge funds have positions in the stock. On July 6, Western Alliance Bank, the primary subsidiary of Western Alliance Bancorporation, announced financing for Marble Manor Phase I, a 138‑unit mixed‑income housing project northwest of downtown Las Vegas.
The package includes $31 million in tax‑exempt construction bonds, $2 million in taxable bonds, and $19.46 million in tax‑exempt permanent bonds, with R4 Capital Funding managing construction and permanent assets. The development will feature five residential buildings with one‑ to five‑bedroom family rental homes. Thirty units will be market‑rate, while 108 will serve families earning 30–60% of the area median income.