Western Alliance: Q2 Earnings Snapshot
PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Tuesday reported second-quarter profit of $215.7 million.
The Phoenix-based bank said it had earnings of $1.96 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The bank holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $678 million, which topped Street forecasts. Seven analysts surveyed by Zacks expected $658.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAL at https://www.zacks.com/ap/WAL