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Fly News Breaks for August 23, 2019
WAL
Aug 23, 2019 | 07:18 EDT
Wedbush analyst David Chiaverini added Western Alliance to the firm's Best Ideas List, citing the company's above-average loan and deposit growth, de-risking of its balance sheet, strong tangible book value growth and "attractive" valuation. Chiaverini tells investors in a research note that he expects the stock's valuation multiple to expand relative to peers, and believes NII will continue to grow in the the low double digits this year and high single digits in 2020 driven by above-average growth in loans and deposits.