Western Alliance Q3 Provision For Credit Losses $12.1M, Down From $21.8M YoY
Portfolio Pulse from Benzinga Newsdesk
Western Alliance Bancorporation (WAL) reported a Q3 provision for credit losses of $12.1M, down from $21.8M year-over-year.

October 19, 2023 | 8:36 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Western Alliance Bancorporation's Q3 provision for credit losses decreased to $12.1M from $21.8M YoY, indicating improved credit quality.
A decrease in the provision for credit losses indicates that Western Alliance Bancorporation expects fewer defaults on the loans it has issued. This suggests improved credit quality, which is a positive sign for investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100