Western Alliance Bancorporation (NYSE:WAL)

CAPS Rating: 3 out of 5

Provides banking and related services to locally owned businesses, professional firms, real estate developers, investors, local non-profit organizations, individuals and other consumers through its subsidiary banks and financial services companies.

Recs

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Player Avatar MisterCHW (99.90) Submitted: 6/25/2007 11:12:00 AM : Outperform Start Price: $29.56 WAL Score: -63.40

Management has sold banks in the past (how else do you get enough money to own the Phoenix Suns??). I expect them to do it again, once concerns over the Las Vegas real estate situation are assuaged.

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