WAL Western Alliance Bancorporation
XNYS
77.00
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
WAL
$77.00
—
Key stats
$77.00
- 52-Week Range
- $65.81 – $97.23
- YTD
- -9.91%
- IV Rank (30D)
- 28.86
- Straddle Price
- $6.50
- P/C Vol Ratio
- 1.09
- Market Cap
- $8.3B
- Open
- $77.35
- Day Range
- $75.70 – $77.86
- Volume
- 620,374
- Prev Close
- $77.20
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.84% |
| Beta vs SPY | 1.33 |
| Cost of Equity (CAPM) | 12.17% (VRP-adj) |
| WACC | 11.50% |
| Volatility Risk Premium | +24.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 17.9% |
| Rev. Growth (YoY, DCF input) | +17.1% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.3B |
| Return on Equity (TTM) | 12.9% |
| Book / Price | 94.0% — banking bias active (P/B is primary) |
| Bank Quality Adj | ×1.13 (target ROE vs peer median) |
| Gross Margin (TTM) | 66.0% |
| FCF Margin (TTM) | -5.3% |
| Debt / Equity | 0.14 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $76.84 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $75.86 |
| Bollinger Width / SMA20 | 8.7% (drives anchor stability) |
| Net Debt | $0.6B |
| Market Cap | $8B |
Peers used for multiples: BAC, FITB, GS, MS, PNC, RF, TFC, USB
60-Day Conviction
27%
20-Day Fair Value
≈ by Dec 9, 2026
$76.80
α +0.6%
rank 5%
conviction
48%
40-Day Fair Value
≈ by Jan 7, 2027
$77.67
α +1.8%
rank 4%
conviction
58%
60-Day Fair Value
≈ by Feb 5, 2027
$77.04
α +1.0%
rank 4%
conviction
27%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $31.32 | 17% | |
| Peer P/E | $130.73 | 6% | median 12.0× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 18.5× · 8 peers |
| Peer P/B | $100.50 | 10% | median 1.4× · 8 peers |
| Peer P/S | $132.05 | 3% | median 2.2× · 8 peers |
| Market Anchor (SMA50) | $76.84 | 43% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $77.53 | 21% | 25 strikes · skew -0.07 |
As of 2026-11-10 · updated
Related
About
- Industry (SIC)
- STATE COMMERCIAL BANKS (6022) · industry map
- Exchange
- XNYS
- Market Cap
- $8.3B
- Employees
- 3,769
- List Date
- 2005-06-30
- CIK
- 0001212545
- Last Earnings
- Oct 19 after close · +2.3% vs ±9.8% expected
- Next Earnings
- ~Jan 26, 2027 (estimated)
- Headquarters
- Phoenix, AZ
- Homepage
- https://www.westernalliancebancorporation.com
Western Alliance Bancorp provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterp…
Summary
—
composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 15.48% | -9.43% | 28.79% | -1.11% | 6.00% | 4.31% | 7.34% |
| Feb | 30.02% | -5.84% | -3.32% | -2.35% | 3.00% | -10.41% | 1.85% |
| Mar | -1.28% | -6.80% | -52.71% | 13.81% | -8.64% | -13.00% | -11.44% |
| Apr | 11.34% | -5.72% | 6.57% | -9.01% | -7.92% | 12.66% | 1.32% |
| May | -5.46% | 4.56% | -6.97% | 7.25% | 2.01% | -1.42% | -0.01% |
| Jun | -9.48% | -11.31% | 6.48% | 2.55% | 8.74% | 4.85% | 0.30% |
| Jul | -2.65% | 6.42% | 38.57% | 28.53% | -4.28% | -3.64% | 10.49% |
| Aug | 5.96% | 0.79% | -1.54% | 7.04% | 17.32% | -5.66% | 3.98% |
| Sep | 12.65% | -13.27% | -10.07% | 7.68% | -2.52% | -2.80% | -1.39% |
| Oct | 5.12% | -0.74% | -7.70% | -0.64% | -10.07% | 0.78% | -2.21% |
| Nov | -8.50% | 0.45% | 20.83% | 12.36% | 6.01% | -3.01%* | 4.69% |
| Dec | -0.89% | -11.45% | 19.92% | -10.36% | 2.45% | -- | -0.07% |
| Total | 56.45% | -42.92% | 2.00% | 63.06% | 8.93% | -18.23% | 11.55% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $75.99
SMA 50: $76.81
SMA 200: $79.50
Current: $76.30
EMA 12: $76.58
EMA 26: $76.44
MACD: 0.1446 | Signal: 0.1017
BULLISH
ADX (14): 14.46
RANGE
+DI: 23.69
−DI: 19.73
Momentum Oscillators
RSI (14): 49.56
NEUTRAL
Stoch %K: 29.34
Stoch %D: 34.86
Williams %R: -75.66
Volume & Volatility
BB Upper: $79.15
BB Lower: $72.84
NEUTRAL
OBV: -13,538,469
Vol SMA 20: 1,113,925
Vol ROC: -29.09%
ATR: $2.49
True Range: $2.16
HV 20: 33.4%
HV 30: 29.4%
HV 60: 25.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-12T00:00:00 – 2026-11-10T00:00:00
AI Analysis
Written before WAL’s Oct 19 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report - Western Alliance Bancorporation (WAL)
Executive Summary
Overall Assessment: BEARISH with confidence level 6/10
Key Drivers:
- Recent negative news headlines focusing on regulatory issues, law firm investigations, and investor losses
- High volatility with a beta of 1.63 compared to the SPY
- MACD signal line crossover indicating bearish momentum
Primary Risks:
- Regulatory concerns and potential penalties affecting earnings and stock performance
- Investor sentiment remains negative due to recent news headlines
Investment Thesis:
WAL's stock price has been impacted by recent negative news, leading to a high-risk profile. The company's beta is 1.63, indicating that it moves more than the market. The MACD signal line crossover suggests bearish momentum. While some technical indicators are neutral, the overall sentiment remains bearish.
Recent News Sentiment Impact:
The recent news headlines have had a significant impact on WAL's stock price, with all five articles having a negative sentiment. This has led to a decline in investor confidence and a shift towards a bearish outlook.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - Bearish; Medium-term (1-3 months) - Neutral; Long-term (3-12 months) - Bullish
Support/Resistance Levels:
- Upper Bollinger Band: $83.86
- Middle Line: $78.80
- Lower Bollinger Band: $73.73
- 20-day SMA: $78.80
Momentum Signals:
- RSI: Neutral (51.18)
- MACD signal line crossover: Bearish momentum
- Bollinger Bands position: Mean reversion, indicating a potential bounce
Volume Analysis:
- Volume trends: Decreasing volume on recent price declines
- Institutional interest signals: Low institutional buying pressure
News & Sentiment Analysis
Recent Headlines Summary:
The five recent news headlines all have a negative sentiment, focusing on regulatory issues and investor losses.
Sentiment Assessment:
Aggregate news sentiment is strongly bearish, with a confidence level of 8/10.
Catalyst Identification:
Upcoming earnings date: Not available Regulatory changes: Ongoing investigations and potential penalties
Market Narrative:
The recent news headlines have created a negative market narrative, which aligns with the bearish momentum indicated by the MACD signal line crossover.
Risk & Volatility Assessment
Risk Assessment:
Beta: 1.63 (High risk) Volatility Regime: High Options Market Signals: IV Rank: Medium Put/Call Ratio: Neutral sentiment
Downside Protection:
Support levels: $73.73, $70.00 Risk management considerations: Stop-loss levels at $75.00 and $72.00
Market Context & Positioning
Sector Performance:
WAL's sector (Financials) has been underperforming the broader market.
Institutional Activity:
Low institutional buying pressure, indicating a lack of support for the stock.
Correlation Analysis:
WAL's correlation with the SPY is relatively low, suggesting that it may move independently of the broader market.
Relative Valuation:
WAL's relative valuation is neutral, as its price is within a trading range.
Key Levels & Action Items
Critical Price Levels:
Support: $73.73, $70.00 Resistance: $78.80, $83.86
Breakout/Breakdown Levels:
Potential breakouts above $83.86 or below $73.73 could trigger significant moves.
Time-Sensitive Catalysts:
Earnings date: Not available Regulatory changes: Ongoing investigations and potential penalties
Risk Management:
Stop-loss levels at $75.00 and $72.00, considering a 2-3% risk per trade.
This comprehensive analysis provides an objective evaluation of Western Alliance Bancorporation's (WAL) stock price movement, highlighting both bullish and bearish cases. The report references specific data points from technical indicators, news headlines, and market metrics to assess the company's performance and potential risks.
Generated
News
All WAL news →
Net income rose 6.4% as credit trends improved and deposit costs declined.
Earnings History
19 of 24 under expected move
Avg Expected Move
7.90%
Avg Actual Move
4.50%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-21 | After-Close | 9.14% | 2.61% | 0.29x | Within |
| 2021-04-15 | After-Close | 1.65% | 7.88% | 4.78x | Exceeded |
| 2021-07-15 | After-Close | 3.90% | 3.29% | 0.84x | Within |
| 2021-10-21 | After-Close | 5.43% | 2.33% | 0.43x | Within |
| 2022-01-27 | After-Close | 10.00% | 11.05% | 1.10x | Exceeded |
| 2022-04-21 | After-Close | 12.47% | 2.40% | 0.19x | Within |
| 2022-07-21 | After-Close | 7.85% | 4.58% | 0.58x | Within |
| 2022-10-20 | After-Close | 5.34% | 5.05% | 0.95x | Within |
| 2023-01-24 | After-Close | 9.14% | 4.89% | 0.54x | Within |
| 2023-04-05 | After-Close | 6.30% | 4.80% | 0.76x | Within |
| 2023-07-18 | After-Close | 10.52% | 7.78% | 0.74x | Within |
| 2023-10-19 | After-Close | 5.86% | 8.38% | 1.43x | Exceeded |
| 2024-01-25 | After-Close | 6.59% | 2.48% | 0.38x | Within |
| 2024-04-18 | After-Close | 5.35% | 3.05% | 0.57x | Within |
| 2024-07-18 | After-Close | 6.01% | 7.93% | 1.32x | Exceeded |
| 2024-10-17 | After-Close | 6.76% | 8.93% | 1.32x | Exceeded |
| 2025-01-27 | After-Close | 9.52% | 5.14% | 0.54x | Within |
| 2025-04-21 | After-Close | 12.64% | 0.71% | 0.06x | Within |
| 2025-07-17 | After-Close | 6.15% | 3.98% | 0.65x | Within |
| 2025-10-21 | After-Close | 11.48% | 3.24% | 0.28x | Within |
| 2026-01-27 | After-Close | 7.74% | 0.86% | 0.11x | Within |
| 2026-04-21 | After-Close | 10.09% | 0.69% | 0.07x | Within |
| 2026-07-21 | After-Close | 9.81% | 3.61% | 0.37x | Within |
| 2026-10-19 | After-Close | 9.81% | 2.27% | 0.23x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
WAL Options Activity & IV Rank
WAL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 32.9%
7-DTE IV: 34.6%
Expected Move: $6.50
7-DTE Move: $3.60
Days to Exp: 38 (2026-12-18)
Options Flow · All expiries
Call Volume: 1,056
Put Volume: 1,147
P/C Volume: 1.086
NEUTRAL
Call OI: 9,165
Put OI: 13,098
P/C OI: 1.429
Total OI: 22,263
ATM Options Pricing
ATM Call: $2.70
ATM Put: $3.80
Call %: 3.5%
Put %: 4.9%
Chain Summary
Chain Volume: 2,203
Chain OI: 22,263
Last Updated: 11/10/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 27th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
27%
vs own history
GEX tilt
-0.04
OI-weighted, today
Vanna tilt
+0.62
δ-sensitivity to IV
Charm tilt
-0.73
δ-decay vs time
Vanna tilt +0.62: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.73: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 48 ATM contracts, 6k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)26.9MediumNov 10
IV Rank (30 DTE)28.9MediumNov 10
Straddle Price (30 DTE)$6.50Nov 10
Beta Analysis
Risk Metrics
Beta: 1.1650
Alpha: -11.14%
Correlation: 0.4865
R-Squared: 23.7%
Stock Volatility: 32.7%
Market Volatility: 13.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own WAL
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $43.7M | #764 of 6285 | -1.4% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $33.0M | #124 of 997 | +110.5% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $25.4M | #979 of 3716 | -54.7% | 13F | |
| Point72 Hedge fund Steve Cohen | $7.8M | #844 of 1945 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $153K | #2741 of 4729 | -58.1% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
WAL Institutional Ownership (13F)
Filings for 2026-06-30 · 228 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 109,625,000 (as of 2025-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
12 filers$63.26M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $17.62M | 27.86% | 2026-06-30 |
| 2 | Optiver Holding B.V. | $10.87M | 17.18% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $9.83M | 15.54% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $9.80M | 15.49% | 2026-09-30 |
| 5 | Jane Street Group, LLC Custodian | $6.95M | 10.98% | 2026-06-30 |
| 6 | Walleye Capital LLC | $2.51M | 3.96% | 2026-06-30 |
| 7 | Twin Tree Management, LP | $1.55M | 2.46% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $1.50M | 2.37% | 2026-09-30 |
| 9 | TUDOR INVESTMENT CORP ET AL | $1.14M | 1.81% | 2026-06-30 |
| 10 | Walleye Trading LLC | $822.00K | 1.30% | 2026-06-30 |
| 11 | GROUP ONE TRADING LLC Custodian | $452.10K | 0.71% | 2026-06-30 |
| 12 | Two Sigma Investments, LP Custodian | $213.72K | 0.34% | 2026-06-30 |
15 filers$58.91M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Millennium Management LLC Custodian | $22.19M | 37.68% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $9.98M | 16.94% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $4.74M | 8.05% | 2026-06-30 |
| 4 | Optiver Holding B.V. | $4.74M | 8.05% | 2026-06-30 |
| 5 | TUDOR INVESTMENT CORP ET AL | $3.25M | 5.51% | 2026-06-30 |
| 6 | Parallax Volatility Advisers, L.P. | $3.17M | 5.39% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $3.08M | 5.23% | 2026-09-30 |
| 8 | Walleye Trading LLC | $1.84M | 3.13% | 2026-06-30 |
| 9 | PEAK6 LLC | $1.82M | 3.10% | 2026-06-30 |
| 10 | Walleye Capital LLC | $1.59M | 2.69% | 2026-06-30 |
| 11 | Jane Street Group, LLC Custodian | $1.00M | 1.70% | 2026-06-30 |
| 12 | Simplex Trading, LLC Custodian | $818.59K | 1.39% | 2026-09-30 |
| 13 | Elevated Private Wealth, LLC | $322.93K | 0.55% | 2026-09-30 |
| 14 | Two Sigma Investments, LP Custodian | $230.16K | 0.39% | 2026-06-30 |
| 15 | GROUP ONE TRADING LLC Custodian | $123.30K | 0.21% | 2026-06-30 |
WAL Insider Trading (Form 4)
Latest: 2026-10-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-19 | Barbara Kennedy | Chief Human Resources Officer | Mixed Disp −257 · Exer +257 |
— | $74.35 | -$19.1K | EDGAR |
| 2026-10-19 | Vishal Idnani | Chief Financial Officer | Mixed Disp −123 · Exer +123 |
— | $74.35 | -$9.1K | EDGAR |
| 2026-10-19 | Jessica H Jarvi | CLO & Secretary | Mixed Disp −168 · Exer +168 |
— | $74.35 | -$12.5K | EDGAR |
| 2026-10-19 | Tim R Bruckner | CBO for Regional Banking | Mixed Exer +415 · Disp −415 |
— | $74.35 | -$30.9K | EDGAR |
| 2026-10-19 | Mary Chris Jammet | Director | Grant (A) | +303 RSU | — | EDGAR | |
| 2026-10-19 | Kenneth Vecchione | Chairman, President & CEO | Mixed Disp −1,571 · Exer +1,571 |
— | $74.35 | -$116.8K | EDGAR |
| 2026-10-19 | Timothy W Boothe | Chief Administration Officer | Mixed Disp −166 · Exer +235 |
+69 | $74.35 | -$12.3K | EDGAR |
| 2026-10-19 | Emily Nachlas | Chief Risk Officer | Mixed Exer +189 · Disp −189 |
— | $74.35 | -$14.1K | EDGAR |
| 2026-10-19 | Dale Gibbons | Vice Chair and CBO, Deposits | Mixed Disp −726 · Exer +726 |
— | $74.35 | -$54.0K | EDGAR |
| 2026-10-19 | Lynne Herndon | Chief Credit Officer | Mixed Exer +84 · Disp −84 |
— | $74.35 | -$6.2K | EDGAR |
| 2026-09-17 | Vishal Idnani | Chief Financial Officer | Mixed Exer +123 · Disp −123 |
— | $79.03 | -$9.7K | EDGAR |
| 2026-09-17 | Emily Nachlas | Chief Risk Officer | Mixed Exer +189 · Disp −189 |
— | $79.03 | -$14.9K | EDGAR |
| 2026-09-17 | Timothy W Boothe | Chief Administration Officer | Mixed Exer +235 · Disp −166 |
+69 | $79.03 | -$13.1K | EDGAR |
| 2026-09-17 | Tim R Bruckner | CBO for Regional Banking | Mixed Exer +415 · Disp −415 |
— | $79.03 | -$32.8K | EDGAR |
| 2026-09-17 | Kenneth Vecchione | Chairman, President & CEO | Mixed Exer +1,571 · Disp −1,571 |
— | $79.03 | -$124.2K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
WAL Insider Holdings
25 insiders · @ $76.30
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Kenneth Vecchione | Chairman, President & CEO | 465,565 | $35.52M | $880.0K | 85 | 2026-10-19 |
| 2 | Dale Gibbons | Vice Chair and CBO, Deposits | 267,705 | $20.43M | -$5.38M | 127 | 2026-10-19 |
| 3 | Marianne Boyd Johnson | Director | 162,159 | $12.37M | -$5.17M | 43 | 2026-02-09 |
| 4 | Donald D Snyder | Director | 98,713 | $7.53M | -$2.56M | 26 | 2026-02-09 |
| 5 | Timothy W Boothe | Chief Administration Officer | 65,742 | $5.02M | -$414.8K | 47 | 2026-10-19 |
| 6 | Bruce D Beach | Director | 61,169 | $4.67M | -$427.1K | 24 | 2026-02-09 |
| 7 | Howard Gould | Director | 53,009 | $4.04M | $0 | 6 | 2026-02-09 |
| 8 | Robert P Latta | Director | 47,851 | $3.65M | -$788.7K | 9 | 2026-02-09 |
| 9 | Stephen Russell Curley | Chief Banking Ofc.-NBL | 41,677 | $3.18M | -$387.5K | 38 | 2026-05-19 |
| 10 | Barbara Kennedy | Chief Human Resources Officer | 33,203 | $2.53M | -$904.3K | 46 | 2026-10-19 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
WAL Board & Officers
As of SEC filings through Oct 19, 2026Directors 15
- Bruce D Beach · on file since 2006
- Donald D Snyder · on file since Apr 2006
- Marianne Boyd Johnson · on file since Apr 2006
- Kenneth Vecchione · since Oct 16, 2007
- Robert P Latta · since Jul 28, 2015
- Howard Gould · since Oct 27, 2015
- Bryan K Segedi · since Jun 11, 2020
- Juan R Figuereo · since Jun 11, 2020
- Kuras Mary Tuuk · since Apr 7, 2023
- Anthony T Meola · since Jun 14, 2023
- Christopher A Halmy · since Apr 22, 2024
- Greta Guggenheim · since Apr 22, 2024
- Mary Chris Jammet · since Apr 22, 2024
- Clarke R Starnes III · since Dec 10, 2025
- Michael Papay · since Dec 10, 2025
Officers 11
- Kenneth Vecchione · Chairman, President & CEO · listed since Jun 2026
- Vishal Idnani · Chief Financial Officer · listed since Feb 2026
- Barbara Kennedy · Chief Human Resources Officer · since Apr 16, 2018
- Emily Nachlas · Chief Risk Officer · since Sep 20, 2022
- Stephen Russell Curley · Chief Banking Ofc.-NBL · since Sep 20, 2022
- Lynne Herndon · Chief Credit Officer · since Jan 2, 2024
- Timothy W Boothe · Chief Administration Officer · listed since Aug 2024
- Ben Mucha · Chief Accounting Officer · since Mar 3, 2025
- Jessica H Jarvi · CLO & Secretary · since Jun 15, 2023
- Tim R Bruckner · CBO for Regional Banking · listed since Feb 2023
- Dale Gibbons · Vice Chair and CBO, Deposits · listed since Jan 2026
Changes in the last 10 years (42)
| Jun 17, 2026 | Kenneth Vecchione listed as Chairman, President & CEO (previously President and CEO) in SEC filings |
| Feb 9, 2026 | Vishal Idnani listed as Chief Financial Officer (previously Transitioning CFO) in SEC filings |
| Jan 20, 2026 | Dale Gibbons listed as Vice Chair and CBO, Deposits (previously Vice Chairman and CFO) in SEC filings |
| Dec 10, 2025 | Michael Papay became a director |
| Dec 10, 2025 | Clarke R Starnes III became a director |
| Oct 14, 2025 | Vishal Idnani became Transitioning CFO |
| Mar 3, 2025 | Ben Mucha became Chief Accounting Officer |
| Dec 12, 2024 | The company announced the departure of Kevin M Blakely from the board in an SEC filing |
| Aug 19, 2024 | Timothy W Boothe listed as Chief Administration Officer (previously Chief Operating Officer) in SEC filings |
| Jul 29, 2024 | The company announced the departure of Randall S Theisen as Chief Legal Officer in an SEC filing |
| Jul 29, 2024 | The company announced the departure of J. Kelly Ardrey Jr. as Chief Accounting Officer in an SEC filing |
| Apr 22, 2024 | Mary Chris Jammet became a director |
| Apr 22, 2024 | Greta Guggenheim became a director |
| Apr 22, 2024 | Christopher A Halmy became a director |
| Jan 2, 2024 | Lynne Herndon became Chief Credit Officer |
| Jun 15, 2023 | Jessica H Jarvi became CLO & Secretary |
| Jun 14, 2023 | Anthony T Meola became a director |
| Apr 7, 2023 | The company announced the departure of Patricia L. Arvielo from the board in an SEC filing |
| Apr 7, 2023 | Kuras Mary Tuuk became a director |
| Feb 9, 2023 | Tim R Bruckner listed as CBO for Regional Banking (previously Chief Credit Officer) in SEC filings |
| Feb 9, 2023 | Randall S Theisen listed as Chief Legal Officer (previously General Counsel) in SEC filings |
| Dec 2, 2022 | Paul Galant became a director |
| Dec 2, 2022 | Kevin M Blakely became a director |
| Sep 20, 2022 | Stephen Russell Curley became Chief Banking Ofc.-NBL |
| Sep 20, 2022 | Emily Nachlas became Chief Risk Officer |
| Jun 14, 2022 | Patricia L. Arvielo became a director |
| Feb 2, 2021 | Tim R Bruckner listed as Chief Credit Officer (previously EVP, Chief Credit Officer) in SEC filings |
| Jul 14, 2020 | Kenneth Vecchione listed as President and CEO (previously CEO) in SEC filings |
| Jun 11, 2020 | Juan R Figuereo became a director |
| Jun 11, 2020 | Bryan K Segedi became a director |
| Mar 4, 2020 | Randall S Theisen listed as General Counsel (previously EVP, General Counsel) in SEC filings |
| Feb 27, 2020 | J. Kelly Ardrey Jr. listed as Chief Accounting Officer (previously SVP, Chief Accounting Officer) in SEC filings |
| Oct 29, 2019 | Timothy W Boothe became Chief Operating Officer |
| Jun 21, 2019 | William S Boyd no longer listed as a director in SEC filings |
| Jun 4, 2019 | Adriane McFetridge became a director |
| Apr 1, 2019 | Tim R Bruckner became EVP, Chief Credit Officer |
| Mar 4, 2019 | Robert Gary Sarver listed as Executive Chairman (previously Chairman and CEO) in SEC filings |
| Jul 30, 2018 | Kenneth Vecchione first listed as CEO in an SEC filing |
| Jul 30, 2018 | Dale Gibbons listed as Vice Chairman and CFO (previously EVP and CFO) in SEC filings |
| Apr 16, 2018 | Barbara Kennedy became Chief Human Resources Officer |
| Apr 1, 2017 | James Haught became EVP, Chief Operating Officer |
| Jan 24, 2017 | Don Garner became EVP, Arizona Administration |
Not reported recently (22)
- Sung Won Sohn · Last reported as a director in an SEC filing dated Feb 8, 2024
- Paul Galant · Last reported as a director in an SEC filing dated Feb 8, 2024
- Michael Patriarca · Last reported as a director in an SEC filing dated Feb 9, 2023
- Adriane McFetridge · Last reported as a director in an SEC filing dated Feb 9, 2023
- Robert Gary Sarver · Last reported as a director in an SEC filing dated Mar 8, 2022
- Steven J Hilton · Last reported as a director in an SEC filing dated Feb 10, 2022
- Todd Marshall · Last reported as a director in an SEC filing dated Mar 15, 2021
- James E D V M Nave · Last reported as a director in an SEC filing dated Mar 12, 2020
- Robert Reoch McAuslan · Last reported as EVP, Chief Credit Officer in an SEC filing dated Mar 19, 2019
- Cary Mack · Last reported as a director in an SEC filing dated Feb 7, 2019
- James Haught · Last reported as EVP, Chief Operating Officer in an SEC filing dated Feb 7, 2019
- Gerald A Cady · Last reported as EVP, So. CA Administration in an SEC filing dated May 2, 2018
- John Guedry · Last reported as EVP, So. Nevada Administration in an SEC filing dated Mar 8, 2018
- Merrill Wall · Last reported as EVP, Chief Admin Officer in an SEC filing dated Mar 2, 2018
- Daniel P Myers · Last reported as EVP Northern CA Administration in an SEC filing dated Mar 2, 2018
- Don Garner · Last reported as EVP, Arizona Administration in an SEC filing dated Feb 1, 2018
- John Peckham · Last reported as EVP, Technology & Operations in an SEC filing dated Mar 24, 2017
- Patricia A Taylor · Last reported as EVP, Chief Risk Officer in an SEC filing dated Mar 7, 2017
- M Nafees Nagy · Last reported as a director in an SEC filing dated Mar 3, 2017
- John Sande III · Last reported as a director in an SEC filing dated Feb 1, 2017
- James Harwood Lundy III · Last reported as EVP, Arizona Administration in an SEC filing dated Dec 9, 2016
- Duane Ralph Froeschle · Last reported as Executive Vice President in an SEC filing dated Nov 14, 2016
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
WAL Proposed Insider Sales (Form 144)
Latest: 2026-06-15
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-06-15 | Stephen Curley | Officer | 10,696 | $878.1K | 2026-06-15 | Merrill Lynch | — | EDGAR |
| 2026-06-09 | GIBBONS DALE | Officer, Director | 40,000 | $3.30M | 2026-06-09 | RBC CAPITAL MARKETS LLC | — | EDGAR |
| 2026-06-08 | Ben Mucha | Officer | 5,946 | $481.3K | 2026-06-08 | Merrill Lynch | — | EDGAR |
| 2026-02-18 | Ben Mucha | Officer | 641 | $61.3K | 2026-02-18 | Merrill Lynch | — | EDGAR |
| 2025-12-15 | JOHNSON MARIANNE BOYD | Director | 23,142 | $2.01M | 2025-12-15 | LPL Financial | — | EDGAR |
| 2025-07-24 | Bruckner Tim R | Officer | 2,500 | $209.8K | 2025-07-24 | Merrill Lynch | — | EDGAR |
| 2024-11-13 | Segedi Bryan K | Director | 1,000 | $94.6K | 2024-11-13 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-09-13 | ROBERT P. LATTA | Director | 2,955 | $239.7K | 2024-09-13 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2024-09-09 | LATTA ROBERT P | Director | 2,996 | $247.9K | 2024-09-09 | Merrill Lynch | — | EDGAR |
| 2024-08-30 | JOHNSON MARIANNE BOYD | Director | 12,516 | $1.01M | 2024-08-30 | Merrill Lynch | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-10-30
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-10-30 | Other events | EDGAR |
| 2026-10-19 | Earnings results | EDGAR |
| 2026-07-30 | Other events | EDGAR |
| 2026-07-21 | Earnings results | EDGAR |
| 2026-06-11 | Shareholder vote results | EDGAR |
| 2026-05-12 | Regulation FD disclosure | EDGAR |
| 2026-05-12 | Director or officer change | EDGAR |
| 2026-04-30 | Other events | EDGAR |
| 2026-04-21 | Earnings results | EDGAR |
| 2026-03-06 | Impairment · Regulation FD disclosure | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-23 | 0001628280-26-010336 | EDGAR |
| 2025-02-25 | 0001212545-25-000090 | EDGAR |
| 2024-02-28 | 0001212545-24-000092 | EDGAR |
| 2023-02-23 | 0001212545-23-000093 | EDGAR |
| 2022-02-25 | 0001212545-22-000090 | EDGAR |
| 2021-02-25 | 0001212545-21-000085 | EDGAR |
| 2020-03-02 | 0001212545-20-000104 | EDGAR |
| 2019-03-01 | 0001212545-19-000066 | EDGAR |
| 2018-02-26 | 0001212545-18-000091 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-10-30 | 0001628280-26-068599 | EDGAR |
| 2026-07-31 | 0001628280-26-051418 | EDGAR |
| 2026-05-11 | 0001628280-26-033054 | EDGAR |
| 2025-11-03 | 0001628280-25-047883 | EDGAR |
| 2025-08-01 | 0001212545-25-000214 | EDGAR |
| 2025-05-01 | 0001212545-25-000141 | EDGAR |
| 2024-10-31 | 0001212545-24-000293 | EDGAR |
| 2024-08-01 | 0001212545-24-000224 | EDGAR |
| 2024-05-02 | 0001212545-24-000145 | EDGAR |
| 2023-10-31 | 0001212545-23-000163 | EDGAR |
ETF Holders
153 ETFs hold WAL
25 shown · $1.64B total exposure · 0.15% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJH iShares Core S&P Mid-Cap ETF | iShares (BlackRock) | 0.23% | $279.7M | $125.2B | 2026-11-06 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $248.4M | — | 2026-09-30 |
| 3 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.10% | $175.3M | — | 2026-09-30 |
| 4 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.18% | $114.0M | — | 2026-09-30 |
| 5 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.40% | $108.6M | — | 2026-11-06 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.09% | $86.6M | — | 2026-09-30 |
| 7 | KBWB Invesco KBW Bank ETF | Invesco | 1.04% | $67.4M | — | 2026-11-08 |
| 8 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.22% | $66.3M | — | 2026-11-06 |
| 9 | MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust | SPDR (State Street) | 0.23% | $58.5M | $25.5B | 2026-11-06 |
| 10 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.15% | $51.1M | — | 2026-11-06 |
| 11 | KRE State Street® SPDR® S&P® Regional Banking ETF | SPDR (State Street) | 1.07% | $46.1M | $4.3B | 2026-11-06 |
| 12 | SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | SPDR (State Street) | 0.23% | $42.4M | $18.4B | 2026-11-06 |
| 13 | IJJ iShares S&P Mid-Cap 400 Value ETF | iShares (BlackRock) | 0.46% | $39.4M | $8.8B | 2026-11-06 |
| 14 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.06% | $34.2M | $58.7B | 2026-11-06 |
| 15 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.03% | $32.3M | — | 2026-09-30 |
| 16 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.04% | $30.0M | — | 2026-11-06 |
| 17 | SDVY First Trust SMID Cap Rising Dividend Achievers ETF | First Trust | 0.21% | $23.6M | $11.1B | 2026-11-06 |
| 18 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.15% | $22.1M | — | 2026-08-31 |
| 19 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.23% | $20.6M | — | 2026-08-31 |
| 20 | TMSL T. Rowe Price Small-Mid Cap ETF | Nport | 0.73% | $19.7M | — | 2026-06-30 |
| 21 | PFF iShares Preferred and Income Securities ETF | iShares (BlackRock) | 0.15% | $17.2M | $11.6B | 2026-11-06 |
| 22 | DGRO iShares Core Dividend Growth ETF | iShares (BlackRock) | 0.04% | $16.2M | $45.5B | 2026-11-06 |
| 23 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.02% | $14.4M | $84.7B | 2026-11-06 |
| 24 | KBE State Street® SPDR® S&P® Bank ETF | SPDR (State Street) | 0.91% | $13.8M | $1.5B | 2026-11-06 |
| 25 | VFH Vanguard Financials ETF | Vanguard | 0.09% | $12.9M | — | 2026-09-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
8.74
TTM Diluted EPS
$8.73
TTM Revenue
$5.37B
TTM Net Income
$956.20M
TTM Op. Cash Flow
$-2.68B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '25 | 2025-12-31 | $1.43B | $282.90M | $2.59 | $-69.80M |
| Q3 '25 | 2025-09-30 | $1.41B | $250.20M | $2.28 | $-597.40M |
| Q2 '25 | 2025-06-30 | $1.30B | $227.20M | $2.07 | $-357.70M |
| Q1 '25 | 2025-03-31 | $1.22B | $195.90M | $1.79 | $-1.65B |
| Q4 '24 | 2024-12-31 | $1.31B | $213.70M | $1.95 | $-621.70M |
| Q3 '24 | 2024-09-30 | $1.33B | $196.60M | $1.80 | $-1.07B |
| Q2 '24 | 2024-06-30 | $1.26B | $190.40M | $1.75 | $-745.80M |
| Q1 '24 | 2024-03-31 | $1.18B | $174.20M | $1.60 | $-306.50M |
| Q4 '23 | 2023-12-31 | $1.13B | $144.70M | $1.33 | $1.14B |
| Q3 '23 | 2023-09-30 | $1.16B | $213.40M | $1.97 | $-569.70M |
| Q2 '23 | 2023-06-30 | $1.12B | $212.50M | $1.96 | $-457.40M |
| Q1 '23 | 2023-03-31 | $910.90M | $139.00M | $1.28 | $357.30M |
Q4 2025 • period ending 2025-12-31 • filed 2026-02-23
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
8.74
P/B
1.05
P/S
1.56
EV/EBITDA
7.41
EV/Sales
1.67
ROE
12.0%
ROA
1.0%
Div Yield
2.37%
FCF Yield
-32.03%
Debt/Equity
0.14
Current Ratio
—
Market Cap
$8.36B
as of 2026-11-10
WAL vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| BAC Bank of America Corporation | $348.8B | 12.6 | −1.9% | −9.4% | 64 |
| MS Morgan Stanley | $292.4B | 17.0 | +12.3% | +3.1% | 44 |
| GS Goldman Sachs Group Inc. | $261.4B | 13.1 | +11.2% | −0.5% | 59 |
| USB U.S. Bancorp | $95.0B | 12.7 | +1.7% | +12.6% | 60 |
| PNC PNC Financial Services Group | $91.9B | 13.4 | +1.1% | +9.4% | 64 |
| TFC Truist Financial Corporation | $60.3B | 13.0 | −5.4% | +1.0% | 40 |
| FITB Fifth Third Bancorp | $49.1B | 18.6 | +24.5% | +13.6% | 52 |
| RF Regions Financial Corp. | $24.6B | 12.0 | +2.3% | +4.1% | 51 |
| WAL Western Alliance Bancorporation | $8.3B | 8.7 | +5.6% | −10.7% | 29 |
| Peer median | $93.4B | 13.1 | +2.0% | +3.6% | 56 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
6.35M
SI % of Float
5.98%
Days to Cover
4.68
Short Vol Ratio
58.2%
Free Float
106.17M
Float %
97.3%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-08-14