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Western Alliance: Q2 Earnings Snapshot


PHOENIX Western Alliance Bancorp (WAL) on Thursday reported second-quarter earnings of $223.8 million.
The Phoenix-based bank said it had earnings of $2.17 per share. Earnings, adjusted for non-recurring costs, came to $2.29 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.
The bank holding company posted revenue of $534.5 million in the period. Its revenue net of interest expense was $506.5 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $492 million.
Western Alliance shares have climbed 63% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $97.57, more than doubling in the last 12 months. ....

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Western Alliance Bancorporation (NYSE:WAL) - Western Alliance Bancorp's Earnings: A Preview

Western Alliance Bancorporation (NYSE:WAL) - Western Alliance Bancorp's Earnings: A Preview
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